Vauban Infra Fibre (VIF) has acquired stakes in broadband operators in low-density areas of France from its co-shareholder Caisse des D茅p么ts et Consignations (CDC).
The French digital infrastructure platform has invested an undisclosed to acquire Project Chrysalide, which covers 19 fibre-to-the-home (FttH) networks and will be phased over 2024 and 2025.
In September, Singapore鈥檚 sovereign wealth fund GIC acquired a minority stake in VIF through a capital increase alongside its existing shareholders, which include funds managed by Vauban Infrastructure Partners and Cr茅dit Agricole Assurances. Vauban-managed investment funds remain the majority stakeholders in VIF.
VIF said GIC鈥檚 investment provides additional capital to fund future digital infrastructure investments and support long-term growth.
VIF said it also expects to announce the closing of a new digital infrastructure transaction that will strengthen its position in the French market and diversify its digital infrastructure base.
Gwenola Chambon and Mounir Corm, founding partners of Vauban Infrastructure Partners, said: 鈥淪ince 2009, we have significantly expanded our digital investments by building on the recognised expertise of our teams and our close relationships with all the players in the sector.
鈥淭his acquisition, which consolidates VIF鈥檚 position as the first independent FttH platform in France, is fully in line with Vauban鈥檚 strategic commitment to continue its involvement as a long-term partner with all stakeholders to develop critical infrastructure within the territories.鈥�
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