Infrastructure fund manager DIF Capital Partners has invested an undisclosed sum in Canadian internet service provider RFNOW.

DIF made this investment on behalf of Core-plus Infrastructure Fund III (CIF III), a fund that targets medium-sized, core-plus infrastructure companies, primarily in Europe and North America.

DIF said the investment was made to help RFNOW expand its telecommunications network. Founded in 2000, RFNOW currently provides fiber optic, residential fiber, fixed wireless Internet and business telephony services over its 1,500 km fiber optic network and portfolio of towers in Manitoba and Saskatchewan, Canada.

Willem Jansonius, Partner and Head of CIF at DIF Capital Partners, said: “RFNOW offers an extremely important internet service connecting relatively remote areas through its state-of-the-art fiber technology.

“Management has done a great job of bringing the business to where it is now and we are very much looking forward to growing it further together. Adding to our existing investments provides a gateway to unlock even greater regions of the Canada.

Chris Kennedy, CEO of RFNOW, said, “This investment will bring immediate and long-term benefits to RFNOW customers and employees. We are extremely proud of what our team has done to get us here.

“Now, with this new partnership, we are well positioned to improve our existing operations and accelerate investments in new communities and regions.”

To read the latest edition of the latest IPE Real Assets magazine, click here.

Source link

Leave A Reply