TIAA completed the acquisition of a stake in Arcadian Infracom of $140m.

TIAA, a provider of secure retirements and outcome-focused investment solutions, completed the acquisition of a stake in Arcadian Infracom, an internet infrastructure development, construction, and operations company, of $140m. “We are honored to work with such a respected financial leader as TIAA, which is committed to supporting early stage digital infrastructure projects. TIAA’s investment has the ability to significantly scale Arcadian’s capital-intensive business across multiple fiber routes as well as create additional synergistic investment opportunities as we route the digital ecosystem directly through rural and tribal markets. As the son of a retired music teacher from rural Illinois, I am personally committed to the mission of TIAA and its founder, Andrew Carnegie, to provide long term financial security for education professionals,” Dan Davis, Arcadian CEO and co-founder.