3i Infrastructure recently announced the successful acquisition of Global Cloud Xchange (GCX). Global demand for data traffic has seen an increase annually of 25% and estimated increases of 10% per year, additionally. Back in November of 2021, 3i Infrastructure had agreed to invest $512 million to acquire GCX.
Given the successful acquisition of GCX by 3i Infrastructure, 3i Infrastructure now 100% owns the company.
GCX is a leading global data communications service provider and owner of the world’s largest private subsea fiber optic networks and is now wholly owned by 3i Infrastructure. With the aid of advisors from Moelis & Company, and confirmation of receipt of all required regulatory approvals, GCX now operates under 3i Infrastructure.
In the past two consecutive years, GCX had positioned itself for future growth opportunities as reported cash flows had been consistent. In fiscal year 2022, cash revenue grew by 3% to the tune of $297.7 million led by strong recurring revenue and IRU sales.
GCX currently provides high-bandwidth connectivity and global managed network services including managed ICT, cyber security, and UCaaS Solutions to a large and varied customer base which includes hyperscalers, telecom operators, enterprises, and more.
In a statement, Carl Grivner, CEO of GXC recently stated that GCX would be well-positioned to provide global growth support and provide support for customers in key markets overseas which include India, the Middle East, and Europe.
GCX enables improved resilience and leverages growth opportunities through subsea network capacity and route offerings in key markets.
GCX is backed by leading industry experts who provide consultative solutions, managed ICT, cyber security, and UCaaS services to globally recognized brands that some may recognize.
To learn more about Global Cloud Xchange, click here.