Digital 9 Infrastructure
Digital 9 Infrastructure Plc is a London-listed investment trust (LON:DGI9) in managed wind-down since March 2024, holding and divesting digital infrastructure assets including Arqiva broadcast networks and Elio Networks wireless broadband to return capital to shareholders.
- Company typePublic
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Digital 9 Infrastructure does
Digital 9 Infrastructure Plc is a Jersey-registered, London-headquartered investment trust listed on the London Stock Exchange Specialist Fund Segment (LON:DGI9) that invests in digital infrastructure assets. The company was founded in 2021 with an initial raise of approximately £400 million and built a portfolio spanning subsea fiber (Aqua Comms), data centers (Verne Global, Ficolo, Volta Data Centres), wireless broadband (Elio Networks, formerly Host Ireland/Leeson Telecom), broadcast and smart metering infrastructure (Arqiva), and secure emergency communications (Tetra Ireland). Following a January 2024 Strategic Review, shareholders approved a managed wind-down by 99.89% on 25 March 2024, and InfraRed Capital Partners Limited was appointed as investment manager and AIFM effective 11 December 2024.
The company's portfolio companies operate critical national digital infrastructure. Arqiva is the sole UK provider of national terrestrial TV and radio broadcasting infrastructure, operating approximately 1,450 transmission sites reaching 98.5% of UK households and a smart metering platform covering roughly 12 million premises and delivering about 50 million data points daily. Elio Networks operates Ireland's largest licensed microwave-based Fixed Wireless Access network with approximately 50 base stations serving around 2,750 business connections in metropolitan Dublin at up to 2 Gbps non-contended speeds. Tetra Ireland provides secure communications to the Garda and emergency services in Ireland.
Digital 9 Infrastructure generates returns through portfolio asset divestments and capital distributions rather than through a traditional product or service revenue model. As of December 2025, NAV was £80.2 million and market capitalization was approximately £38.93 million as of April 2026, with a share price of GBX 5.20 (down 24.4%). During wind-down, the company has executed major divestments including the Aqua Comms sale to Exa Infrastructure for £34 million (completed December 2025) and a £10 million Verne Global earn-out settlement (April 2026), enabling full repayment of the Revolving Credit Facility. A compulsory redemption of 37.38% of shares at 9.2753 pence per share was completed in April 2026, leaving 541,772,666 ordinary shares in issue. The Financial Reporting Council is investigating PwC's audit of the company.
Digital 9 Infrastructure firmographics
Firmographics- Name
- Digital 9 Infrastructure
- Legal name
- Digital 9 Infrastructure Plc
- Website
- https://d9infrastructure.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Digital 9 Infrastructure Plc is a London-listed investment trust (LON:DGI9) in managed wind-down since March 2024, holding and divesting digital infrastructure assets including Arqiva broadcast networks and Elio Networks wireless broadband to return capital to shareholders.
- Ownership category
- akta.pro rank
Digital 9 Infrastructure industry classification
Industry- Product category
- Digital Infrastructure Investment Trust
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Infrastructure Funds (Data Centers, Fiber, Towers) (FSANAEAM)
- akta.pro secondary industry
- Real Assets — Digital Infrastructure (Data Centers, Fiber, Towers) (FSAHAIAF)
Keywords
Where Digital 9 Infrastructure is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Digital 9 Infrastructure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Others, Personnel
Distribution channels2 records
Marketing channels5 records
Digital 9 Infrastructure product offering
Product offeringCore offering
Digital 9 Infrastructure is a publicly listed investment trust that invests in and manages a portfolio of digital infrastructure assets, including subsea fiber cables, broadcast transmission networks, licensed microwave-based fixed wireless broadband, and secure emergency communications. The company is currently executing a managed wind-down following shareholder approval in March 2024, returning capital to shareholders through asset divestments and compulsory share redemptions.
Product overview
Digital 9 Infrastructure is a publicly listed investment company (LON:DGI9) that was focused on building a portfolio of digital infrastructure assets. The company is currently in managed wind-down following shareholder approval in March 2024. Its historical portfolio included: Aqua Comms (subsea cable operator, sold to Exa Infrastructure in December 2025), Elio Networks (formerly Host Ireland, Ireland's largest Fixed Wireless Access provider in Greater Dublin), Arqiva (UK's sole national terrestrial TV/radio broadcaster and smart metering platform operator), and Tetra Ireland (secure communications provider to emergency services). The company operated through its investment manager InfraRed Capital Partners Limited.
Differentiator
Problem solved
Functional benefit
Products and services
- Arqiva Sole provider of national terrestrial TV and radio broadcasting infrastructure in the UK, owning approximately 1,450 broadcast transmission sites reaching 98.5% of UK households. Also operates a smart metering platform covering approximately 12 million premises and delivering approximately 50 million data points every day.
- Elio Networks (formerly Host Ireland) Ireland's largest licensed microwave-based Fixed Wireless Access (FWA) network operating in metropolitan Dublin with up to 2 Gbps non-contended speeds across approximately 50 base stations, serving approximately 2,750 business connections including multinational corporates, government bodies, technology companies, and Irish SMEs.
- Aqua Comms Subsea cable operator providing transatlantic and intra-European submarine cable systems, fiber pairs, spectrum, and wholesale network capacity to global content, cloud, carrier, and enterprise markets. Sold to Exa Infrastructure in December 2025 for £34 million.
- Tetra Ireland Provider of secure communications infrastructure to the Garda and emergency services in Ireland. Digital 9 Infrastructure acquired a 56% stake from Eir for €76 million in January 2022.
Quantifiable outcome
- Arqiva reaches 98.5% of UK households through c.1,450 broadcast transmission sites
- +3 more outcomes
Companies that use Digital 9 Infrastructure
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
Digital 9 Infrastructure technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Digital 9 Infrastructure partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor.
- JTC Group (Company Secretary)minorJTC Group serves as the company secretarial function, providing corporate governance and administrative support. Located at 52 Lime Street, The Scalpel, London EC3M 7AF.
- Computershare Investor Services (Jersey) LtdminorComputershare serves as the company's share registrar, handling shareholder records, dividend distributions, and investor inquiries. Located at 13 Castle Street, St. Helier, Jersey JE1 1ES.
- FTI ConsultingminorFTI Consulting provides press and public relations services for Digital 9 Infrastructure. Located at 200 Aldersgate, Aldersgate Street, London EC1A 4HD.
- Hanway Advisory LimitedminorHanway Advisory serves as the UK Designated Company Secretary. Located at The Scalpel, 18th Floor, 52 Lime Street, London EC4N 7AF.
- Ocorian Secretaries (Jersey) LimitedminorOcorian provides company secretarial services in Jersey. Located at 26 New Street, St. Helier, Jersey JE2 3RA.
Scale indicators17 records
Recent moves7 records
Expansion highlights2 records
Digital 9 Infrastructure competitors and assessment
Company assessmentDirect peers
- Cordiant Digital Infrastructure: London-listed investment trust focused on digital infrastructure assets (fiber, towers, data centers). Most directly comparable peer given similar mandate, listing, and target asset class.
- GCP Infrastructure Investments: UK-listed infrastructure fund investing in essential infrastructure including digital and energy assets. Comparable structure as a closed-ended investment company on the London Stock Exchange.
- 3i Infrastructure plc: London-listed infrastructure investment company with exposure to digital infrastructure assets. Closely comparable listed-fund structure targeting mid-market infrastructure equity.
- BBGI Global Infrastructure SA: London-listed global infrastructure fund with essential-infrastructure focus including digital assets. Comparable fund vehicle targeting stable, contracted infrastructure cash flows.
- HICL Infrastructure plc: One of the largest London-listed infrastructure investment trusts, with diversified exposure including digital and communications infrastructure. Comparable investment-trust structure.
- Sequoia Economic Infrastructure Income Fund: London-listed infrastructure debt and income fund. Comparable as a UK-listed infrastructure investment vehicle, though focused on debt rather than equity exposure.
Broad incumbents
- DigitalBridge Group: US-listed specialist digital infrastructure investment manager and operator. Operates across towers, fiber, and data centers as a broader incumbent in the digital infrastructure space.
- Cellnex Telecom: Europe's largest independent operator of broadcast and telecom towers, including DTT infrastructure comparable to D9's Arqiva asset. A broad incumbent in tower and broadcasting infrastructure.
- Helios Towers plc: London-listed tower operator with significant Africa and Middle East footprint. Comparable as a publicly listed tower infrastructure company within the broader digital infrastructure category.
Emerging players
- Aqua Comms (Exa Infrastructure): Subsea cable operator that acquired D9's Aqua Comms asset. Comparable as a former portfolio company now under new ownership in the same subsea fiber asset class.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Digital 9 Infrastructure social profiles
Digital presenceDigital 9 Infrastructure financial estimates
Financial estimateRevenue estimate
Valuation estimate
Digital 9 Infrastructure leadership team
Management profileNumber of profiles
Profiles5 records
Digital 9 Infrastructure subsidiaries and ownership
Company hierarchySubsidiaries1 record
Digital 9 Infrastructure funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Digital 9 Infrastructure M&A and investment
M&A and investmentM&A7 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Digital 9 Infrastructure
What does Digital 9 Infrastructure do?
Digital 9 Infrastructure is a publicly listed investment trust that invests in and manages a portfolio of digital infrastructure assets, including subsea fiber cables, broadcast transmission networks, licensed microwave-based fixed wireless broadband, and secure emergency communications. The company is currently executing a managed wind-down following shareholder approval in March 2024, returning capital to shareholders through asset divestments and compulsory share redemptions.
Is Digital 9 Infrastructure a public or private company?
Digital 9 Infrastructure is a public company. It is classified as public and is currently operating.
When was Digital 9 Infrastructure founded?
Digital 9 Infrastructure was founded in 2021. It employs 101 to 250 people.
Where is Digital 9 Infrastructure based?
Digital 9 Infrastructure is headquartered in London, United Kingdom, in the Europe region.
Who are Digital 9 Infrastructure's main competitors?
Direct peers on record are Cordiant Digital Infrastructure, GCP Infrastructure Investments, 3i Infrastructure plc, BBGI Global Infrastructure SA, HICL Infrastructure plc and Sequoia Economic Infrastructure Income Fund. Broad incumbents are DigitalBridge Group, Cellnex Telecom and Helios Towers plc. Aqua Comms (Exa Infrastructure) is listed as an emerging player.
Does Digital 9 Infrastructure have an API?
No public API is recorded for Digital 9 Infrastructure.
What industry is Digital 9 Infrastructure in?
Digital 9 Infrastructure's product category is Digital Infrastructure Investment Trust. Its primary akta.pro industry code is FSANAEAM, Digital Infrastructure Funds (Data Centers, Fiber, Towers), with a secondary code of FSAHAIAF, Real Assets — Digital Infrastructure (Data Centers, Fiber, Towers). Its NAICS code is 525 and its SIC code is 6199.