Swedish private equity firm EQT has kicked off the sale of GlobalConnect, its Nordic broadband and data centre platform, in a deal that could value the business at around €8bn, according to a report by the Financial Times.
EQT acquired a majority stake in GlobalConnect in 2017 and has since scaled the business into one of the largest digital infrastructure operators in Northern Europe. The company operates 244,000km of fibre across Denmark, Norway, Sweden, Germany, and Finland, handling more than half of the region’s data traffic. Its customer base includes 907,000 residential subscribers and 30,000 corporate clients.
Goldman Sachs has been mandated to run the process, with EQT reportedly favouring a full exit rather than breaking up the asset. Both EQT and GlobalConnect declined to comment.
If successful, the deal would rank among the largest European digital infrastructure transactions this year.
