A new subsea and terrestrial system linking Europe, the Middle East and India is on the way – and a specialist investment trust has announced a significant financial input into the project.
Digital 9 Infrastructure plc is a newly established, externally managed investment trust which invests in a range of digital infrastructure assets which deliver a reliable, functioning internet. It has plans to invest over £50 million ($69.46 million) into the development of the new intercontinental fibre system.
Described as an innovative, carrier-neutral network platform, the system comprises subsea and terrestrial fibre assets which will connect key locations in Europe, the Middle East and India.
Digital 9 Infrastructure is investing the money over a three-year period, alongside what it says are a leading global content provider and consortium.
Aqua Comms, the subsea fibre operating business acquired by Digital 9 immediately following its IPO in March 2021, will market and operate this route under the name Europe Middle East India Connect 1 (EMIC-1).
This project will add a further key route to D9’s existing portfolio of subsea fibre networks and forms part of the company’s global expansion plan for subsea fibre routes.
Following completion of the new system, the company says it will have an interest in approximately 30,000 km of subsea and related terrestrial fibre networks, connecting four continents.
The company is focused on the provision of digital infrastructure integrated with green and cleaner power in line with UN Sustainable Development Goal 9. It says its portfolio will comprise future-proofed, non-legacy, scalable platforms and technologies including subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks.