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3i Infrastructure agrees to acquire DNS:NET
StockMarketWire.com
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Infrastructure investor 3i Infrastructure said it has agreed to invest about €182 million to acquire a 60% stake in DNS:NET from Deutsche Beteiligungs and provide additional funding for the future growth of the business.
Established in 1998, DNS:NET owns independent fibre-to-the-cabinet network in the Berlin area, as well as three data centres.
The company expected to complete the investment in DNS:NET, an independent telecommunications provider in Germany, in June 2021.
Founder and chief executive Alexander Lucke is reinvesting alongside 3i Infrastructure to retain a 40% stake.
Story provided by StockMarketWire.com
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