Arjun Infrastructure completed the acquisition of a 24% stake in Altitude Infra.

Arjun Infrastructure Partners, an infrastructure investment manager, completed the acquisition of a 24% stake in Altitude Infra, a fibre infrastructure operator and developer. Financial terms were not disclosed. “Fibre is the fastest, least energy-consuming, safest telecom technology from a cybersecurity standpoint and is the only technology to offer bandwidth to the new, rapidly growing technologies such as 5G and edge computing. This, coupled with France continuing to demonstrate positive macro-economic fundamentals as well as a growing and attractive telecoms market that is backed by strong government support, makes this a particularly exciting investment. Altitude Infra is at the centre of this industry and is perfectly positioned to achieve its growth ambitions and benefit from market consolidation. It is a business led by an experienced and entrepreneurial management team, coupled with the leadership of the Altitude Group, the third fiber infrastructure operator in France, and we are looking forward to working with them for the long-term," Romain Py, Arjun Infrastructure Partner.