3i Infrastructure plc completes its investment in GCX

3i Infrastructure plc has completed its $377 million investment to acquire a 100% stake in Global Cloud Xchange (”GCX”), a leading global data communications service provider and owner of the world’s largest private subsea fibre optic network.

The transaction was announced on 17 November 2021 and completed on 2 September 2022. Additional acquisition debt was raised in March 2022, reducing 3i Infrastructure plc’s previously announced equity commitment of $512 million.

GCX trading and cash flow performed strongly in the year to 31 March 2022 and the good momentum in the business has continued into the company’s current financial year.

CT Bureau