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Digital 9 Infrastructure PLC - London-based digital infrastructure investor - Signs conditional sale & purchase agreement to acquire a majority stake in Tetra Ireland Communications Ltd. Previously notes that subsidiary Digital 9 Wireless Ltd acquires a majority stake of 56% in the exclusive operator of public safety wireless networks across the Republic of Ireland for EUR76 million. Company may also have the opportunity to increase the acquisition up to a 100% holding.
"The investment manager remains focused on converting the near-term pipeline of approximately GBP450 million, part of a total pipeline of approximately GBP1.8 billion across multiple sectors and geographies," company adds.
Current stock price: 106.80 pence
12-month change: up 7.3%
By Paul McGowan; paulmcgowan@alliancenews.com
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