{"id":18578,"date":"2020-06-04T15:15:13","date_gmt":"2020-06-04T19:15:13","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/imco-adding-to-investment-in-european-bandwidth-infrastructure-company-146700"},"modified":"2020-06-04T15:15:13","modified_gmt":"2020-06-04T19:15:13","slug":"imco-adding-to-investment-in-european-bandwidth-infrastructure-company","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/06\/04\/imco-adding-to-investment-in-european-bandwidth-infrastructure-company\/","title":{"rendered":"IMCO adding to investment in European bandwidth infrastructure company"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"350\" height=\"263\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2019\/10\/123rtf_Artificial-intelligence_Peshkova-350x263.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"IMCO adding to investment in European bandwidth infrastructure company\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;June 4, 2020 <\/p>\n<p>The Investment Management Corp. of Ontario is adding \u20ac250 million to its previous investments in&nbsp;euNetworks Group Ltd.,&nbsp;a European bandwidth infrastructure company.<\/p>\n<p>The cash injection is set to fund the company\u2019s further organic growth, mergers and acquisitions and general corporate purposes. The company operates deep fibre networks in 17 cities in Europe.<\/p>\n<p>\u201cWe seek to invest in world-class infrastructure businesses globally and are excited to be supporting one with our investment in euNetworks as they continue growth of their European platform,\u201d said Tim Formuziewich, managing director and global head of the IMCO\u2019s infrastructure program, in a press release.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/ontario-teachers-investing-in-spacex-cppib-in-british-entertainment-company-132478\">Ontario Teachers\u2019 investing in SpaceX, CPPIB in British entertainment company<\/a><\/strong><\/p>\n<p>\u201cWe see bandwidth demand growth being extremely differentiated to other value drivers of infrastructure assets that offers diversification to our clients\u2019 portfolios. That growth profile combined with euNetworks\u2019 leading position in the European bandwidth infrastructure market and track record of successful capital deployment presented a strong investment opportunity for IMCO.\u201d<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/imco-adding-to-investment-in-european-bandwidth-infrastructure-company-146700\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;June 4, 2020 The Investment Management Corp. of Ontario is adding \u20ac250 million to its previous investments in&nbsp;euNetworks Group Ltd.,&nbsp;a European bandwidth infrastructure company. The cash injection is set to fund the company\u2019s further&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18578"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18578"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18578\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}