DF&I receives strategic growth investment
Dark Fiber & Infrastructure (DF&I) has signed a definitive agreement to receive a majority investment from IPI Partners (IPI).
The undisclosed investment will be used to accelerate the growth of DF&I’s footprint and operations, including developing high-capacity dark fibre and conduit networks in Northern Virginia and extending customer access to DF&I’s Potomac River Crossing.
“This investment allows us to achieve our vision of being the partner of choice for hyperscale dark fiber and dedicated conduit networks in each of the markets where we have a presence,” said John Schmitt, co-founder of DF&I.
“Our infrastructure in Northern Virginia and Maryland establishes us as the largest open access network currently available for lease in the region. We intend to move aggressively to further build specific network infrastructure that provides diversity, latency improvement, and scale that is required but not available in the market today.”
The extended network reach will provide customers with a diverse, all underground, lowest-latency option to connect Northern Virginia’s Data Center Alley to a major Northeast US telecom corridor.
“IPI’s understanding of our business and the broader needs of our customers make them the ideal partner as we look to translate our success in Northern Virginia and Maryland to new regions ahead of hyperscale growth,” added Judd Carothers, co-founder of DF&I.
The transaction is expected to close in Q3 2020.