COVID-19 CUSTOMER PORTAL CONTACT US PRESS RELEASES 3i Infrastructure plc agrees to invest in GCX to support future growth London – 17 November 2021: 3i Infrastructure plc (“3i Infrastructure” or the “Company”) has agreed to invest c.$512m to acquire a 100% stake in Global Cloud Xchange (“GCX”). GCX is a leading global data communications service provider and owns one of the world’s largest private subsea fibre optic networks. GCX provides high-bandwidth connectivity to a range of blue-chip customers including hyperscalers, telecommunications operators, new media providers and enterprises. Its 66,000km of cables span 46 countries from North America to Asia, with a particularly strong position on the Europe-Asia and Intra-Asia routes. 3i Infrastructure is partnering with GCX’s management team to invest in a leading platform in the sector, with the ambition to increase the utilised capacity on GCX’s existing routes as well as to add new routes and customers. Global data traffic is growing rapidly, with data usage forecast to grow in excess of 25% per annum. Technological advances, the digitalisation of the economy and regulatory developments are causing a proliferation of data generation and usage across all industries. This data is increasingly being stored and shared via the cloud and relies on data carrier infrastructure, including GCX’s extensive network, to flow between hubs across the world. Richard Laing, Chair of 3i Infrastructure, commented: “GCX provides an essential service to its customers and operates in an industry with high barriers to entry. GCX is a great addition to the Company’s portfolio, in a sector we have been keen to invest further into, and will provide an attractive yield to 3i Infrastructure.” Phil White, Managing Partner and Head of Infrastructure, 3i Investments plc, Investment Manager of the Company, added: “GCX is one of the most comprehensive subsea cable networks globally, with a unique network on strategically important routes. We are delighted to be backing Carl Grivner and his experienced management team to continue GCX’s growth.” Carl Grivner, CEO GCX, said: “We are very excited to have 3i Infrastructure’s backing. We will benefit from the team’s experience of investing in telecommunications infrastructure as well as their international network and experience of supporting companies to grow. We look forward to partnering with 3i Infrastructure to accelerate our growth and strengthen our platform.” Completion is conditional upon certain regulatory approvals and is expected in the middle of 2022. ABOUT GLOBAL CLOUD XCHANGE Global Cloud Xchange (GCX) offers network services that power digital transformation for enterprises, new media providers, and telecoms carriers. We cover all aspects of cloud-centric connectivity from managed SD-WAN and hybrid networks, to direct Cloud connections and 100 Gbps+ waves. With a pedigree going back 30+ years, GCX are experts in providing connectivity throughout the Emerging Markets Corridor into Asia via the vast GCX subsea network (the world’s largest private submarine cable network), with extensions available into more than 200 countries worldwide. INVESTOR INQUIRIES: investor@globalcloudxchange.com < BACK TO MEDIA CENTER Announcement GCX offers network services which power digital transformation for enterprises, new media providers and telecoms carriers. We cover all aspects of cloud-centric connectivity from managed SD-WAN and hybrid networks, to direct Cloud connections and 100 Gbps+ waves. Solutions Network About News Blog — Contact us Support / Login — Acceptable Use Policy Terms of use Privacy Policy NEWS 3i Infrastructure plc agrees to invest in GCX to support future growth NOVEMBER 17, 2021 GCX Announces Earnings Call Date for Q1 FY22 Results SEPTEMBER 9, 2021 Global Cloud Xchange Unveils Strong FY21 Results JULY 8, 2021 GCX Announces Earnings Call Date for Q4 FY21 Results JUNE 26, 2021 © 2021 Global Cloud Xchange | Site issues? Let us know. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT