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D9 plans £100 million raise

25 May 2021
Graeme Evans
Evening Standard
“The new owner of transatlantic cables that form the backbone of the internet has revealed plans to secure another £100 million towards vital communication assets.

Digital9 Infrastructure will give retail investors the chance to participate in the fundraising, which comes just over a month after its stock market debut pulled in £300 million.

A large chunk of the IPO proceeds went on the April purchase of Aqua Comms, which owns and operates 14,300km of transatlantic sub-sea fibre systems. Customers of Aqua’s two cables include Facebook, Amazon, Google and Microsoft…”

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