TradeRisks has arranged over $75m in equity financing for Sifi Networks America Ltd (“SiFi”), to fund the deployment of Smart-City ready digital Fiber-to-the-Premises (FTTP) infrastructure in the City of Fullerton, California. The investment will enable the roll-out of the largest privately funded open access fiber network by SiFi in North America and will be funded by the Smart City Infrastructure Fund, a global investment fund managed by Whitehelm Capital and backed by APG, the largest pension delivery organization in the Netherlands.
The network will provide a significant upgrade to internet speeds and accommodate the growing demand for data from next generation devices in households and businesses. It will also facilitate new Smart City initiatives in key government services such as traffic control, street lighting and emergency services. The network will also provide a platform for the future expansion of 4G and 5G cellular networks into the area.
SiFi aims to deliver more networks throughout the USA in the same manner. Fullerton will be the first FiberCity™ with several cities already in line to be next.
TradeRisks is acting as Financial Advisor to SiFi and arranged the equity funding for SiFi’s inaugural FiberCity™ rollout.
Alex Pilato, TradeRisks’ CEO, said: “We are delighted to have been able to use our expertise in analysing infrastructure projects and communicating their essential points to investors to help arrange high-quality equity investment for SiFi. This investment will enable delivery of fibre roll-out in the City of Fullerton and, in the future, in many other cities throughout USA.”
Ben Bawtree-Jobson, CEO of SiFi Networks, said: “We are excited to deliver our first FiberCity™ in the USA, an investment that sets the standard for fiber optic infrastructure as a core utility. We believe that our business model can transform the telecoms market in the USA. Privately funded, open access networks will not only benefit residents and businesses, but also provide citywide platforms for Smart City applications including 5G and more.”
TradeRisks Ltd is a London-based independent financial advisory firm specialising in arranging long-term financing for infrastructure, housing and energy projects across Europe and USA. The firm has arranged over £14.9bn of financing across equity, loans and private and public bonds. TradeRisks ranks as a top independent arranger for Project Bonds in Europe according to Inframation League Tables. For further information on TradeRisks: www.traderisks.com
Sifi Networks America Ltd SiFi Networks (www.sifinetworks.com) is an international network developer. We pride ourselves on innovative construction methods, financial modelling and collaboration. SiFi Networks funds, builds and operates community wide state of the art fiber optic networks enabling Internet Service providers to deliver next generation applications including superfast internet, video and phone.
In addition to SiFi Networks’ highly experienced in house team, we have partnered with established and award winning firms who have unparalleled experience within the sector. For more information, please visit www.sifinetworks.com
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