UK-based Cordiant pays $478m for Emitel in Poland

Cordiant Digital Infrastructure has acquired US data center firm DataGryd and Polish digital infrastructure company Emitel for a combined $551m.

CDI has acquired Emitel S.A. for £352 million ($477.7m) from Alinda Capital Partners. Based in Warsaw, the Polish company operates more than 500 mobile towers, the national broadcast network, five digital terrestrial networks, a nationwide network of wireless “smart city” IoT sensors serving utilities, and a nationwide fiber network. The acquisition will be funded through a combination of available cash resources and backstop vendor financing if required.

“We recognize Emitel’s important role in providing critical digital infrastructure in Poland, including the development of national 5G infrastructure. We are committed to invest to build the broadcast infrastructure capacity over the next 18 months in line with our ‘buy, build & grow’ philosophy,” said Steven Marshall, Chairman Digital Infrastructure, Cordiant Capital.

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