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Mubadala buys slice of EQT-backed European fibre player

EQT said the EQT Infrastructure III and IV funds (combined EQT Infrastructure) have signed an agreement to sell a minority stake in GlobalConnect to Mubadala Investment Company. Having been invested in the company since 2017, EQT Infrastructure will remain as the largest owner following the closing of the transaction. Headquartered in Stockholm, Sweden, GlobalConnect is ...

October 17

KKR-led consortium bets $3.4bn for 30% stake in new European fibre logo

Investment company KKR & Co Inc (KKR) (NYSE: KKR) has acquired 30% of the shares of Telenor Fiber AS, a new fibre brand launched by Norwegian telecommunications company Telenor. The agreed sales price represents an enterprise value for the Norwegian fibre business of NOK36.1 billion or US$3.4 billion. The consortium includes Oslo Pensjonsforsikring as a co-investor w...

October 11

Hydroelectric powered data centre opens in Oslo

Singapore-headquartered GMT Token has launched a new data centre in Norway as its portfolio passes the 300MW IT capacity mark. The new 20MW facility is located near Oslo and is to be powered using hydroelectric power. The site will open with 2,950 miners, with the company saying the number will increase in the future. The miners will be cooled via an air ventilation s...

October 11

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