3i Infrastructure to acquire 100% of Global Cloud Xchange´s shares
3i Infrastructure plc has agreed to invest approximately US$512 million to acquire all shares of Global Cloud Xchange (GCX).
3i Infrastructure's investment in GCX will increase the used bandwidth on GCX routes, as well as create new ones. The investment is a response to the global increase in data usage, technological advances, the digitalization of the economy and changes in the regulatory framework.
GCX is a communications company across an emerging market corridor to 46 countries in North America and Asia via the GCX frequency submarine cable network 66 thousand km long. GCX enables digital transformation for enterprises, new media providers and carriers, covering all cloud connections from managed SD-WANs and hybrid networks to direct cloud connections and 100Gbps+ waves.
Country updates
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November 12, 2021
Tender issued for USD5.35 billion housing PPP project in UK
Scarborough Borough Council in North Yorkshire, UK has launched a tender notice seeking a private partner to deliver good quality and environmentally sustainable homes, with a focus on accelerating th...
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November 11, 2021
Tender issued for USD203 million care facility PPP project in UK
Coventry City Council has launched a tender process to select a joint venture partner (JV Partner) for the development and improvement of care services in Coventry, UK.
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November 11, 2021
HICL indirectly acquires 33% stake in Road Management Group
HICL Infrastructure has announced that it has indirectly acquired a 33% stake in Road Management Group from Abertis Infraestructuras SA. The transaction is valued at GBP34.40 million (US$46.65 mi...
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November 10, 2021
GBP40 mn contract awarded for residential mixed-use PPP project in Stockport
Stockport Metropolitan Borough Council (SMBC), together with Greater Manchester Combined Authority (GMCA) has selected CityRise Interchange Homes LLP as a winning development partn...
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November 05, 2021
Tender issued USD1.36 billion Health innovation district PPP in UK
City of Edinburgh in association with EBQ3 in the UK has launched tender notice seeking private partner for the expansion of Edinburgh BioQuarter Health Innovation District.
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