- March 22, 2022
- Posted by: Bastion team
- Category: World News
Cordiant Digital Infrastructure has updated investors on its acquisition of Emitel, operational performance of CRA, sales progress at DataGryd, and an update on its pipeline.
Emitel is a multi-asset digital infrastructure business based in Poland. It operates a network of communication towers, fibre-optics and a nationwide sensor network, serving major utilities. Cordiant Digital has received anti-trust approval from the Polish authorities for the acquisition. This represents an important step in a multi-stage government and regulatory approvals process.
Following the invasion of Ukraine by Russian troops, the Polish Zloty has weakened against the Pound and has shown increased volatility. Consequently, the company is in the process of implementing a prudent currency risk management strategy.
Emitel and CRA are supporting the delivery of television and radio channels in Ukrainian across their respective geographies, in order to provide Ukrainian refugees with important updates on the Russian invasion, administrative information and entertainment. Cordiant Digital’s assets do not have any commercial exposure to Ukraine, Belarus or Russian counterparties.
Since completing the acquisition of leading US interconnect data centre operator, DataGryd, in January, new heads of sales and marketing have joined the team. In the few weeks since the acquisition, the qualified pipeline of new sales opportunities has increased by ca. 85%, a reflection of the new…