Global Cloud Xchange Interconnector

Global Cloud Xchange Interconnector - Project Acquisition

Industry
Telecoms and Communications/Cellular / mobile infrastructure
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
Bermuda

Deal Overview

3i Infrastructure has acquired subsea fibre network provider Global Cloud Xchange (GCX) at a reduced price after securing debt to support the deal. The infrastructure investor paid an equity price of USD 377m (EUR 379.78m) for the business, instead of the previously agreed USD 512m. 3i secured a USD...

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Deal Volume
$234.76m
Financial Close
05/09/2022
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

Global Cloud Xchange Interconnector Project
$376.76m
Greenfield
Cellular / mobile infrastructure
North America
North America
Bermuda