Infranode completes its first digital infrastructure investment in Finland
Infranode completes its first digital infrastructure investment in Finland by acquiring MPY Telecom
Nordic infrastructure investor Infranode has completed the 100% acquisition of MPY Telecom Oyj from the MPY Cooperative. A regional market leader, MPY Telecom is a long-standing owner and operator of core digital infrastructure. The company has a diversified customer and asset portfolio comprising more than a hundred telecom towers and extensive fibre networks in Eastern Finland. Infranode took ownership of MPY Telecom on 25 September 2023.
MPY Telecom represents the first digital infrastructure investment for Infranode in Finland. The acquisition will see Infranode continuing its successful journey in the Nordic fibre sector, as well as entering the telecom tower market for the first time.
“Fast and high-quality network connections play an increasingly important role in society. This investment aligns well with Infranode’s strategy of providing essential infrastructure and being a long-term partner for local and regional communities,” says Samuli Kivipelto, Project Lead and Investment Manager at Infranode.
The company’s telecom towers serve as the backbone infrastructure for regional mobile coverage. The fibre networks provide critical data connections for thousands of households, businesses and public entities, meeting the requirements of today’s digital society and ensuring readiness for the future.
“Alongside a strong track record in digital infrastructure investments, Infranode has extensive expertise to develop and support the company in a responsible and sustainable way for both current and future MPY Telecom customers,” says Kivipelto.
“MPY Telecom is carrying out one of the largest investment programs in its history. We are well positioned in the South Savo region, and Infranode’s ownership enables us to further strengthen and expand our telecom towers and fibre networks. We look forward to continuing our journey together with Infranode,” says Janne Korhonen, Chief Commercial Officer of MPY Telecom.
The acquisition will not affect the MPY Telecom brand or lead to changes in the company’s personnel, operations, customer service, or organisational structure.
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Infranode is a long-term infrastructure investor with a particular focus on the Nordic countries. Infranode invests in energy and renewables, digital infrastructure, transport, and social infrastructure. Infranode has offices in Stockholm, Helsinki, Copenhagen and Oslo, and a strong infrastructure investment team with extensive local and international experience.
Infranode already has three investments in the digital infrastructure sector in Norway and strong expertise from the sector within the organisation. Infranode is committed to developing its investments over long term – for at least the next 25 years – through its “buy and hold” investment strategy.
Infranode manages about EUR 1.8 billion in committed capital on behalf of its long-term institutional investors, including some of the most recognized pension funds in the Nordic region. Among the investors are Storebrand, Folksam, the Swedish municipal pension fund KPA Pension and the Finnish public sector pension fund Keva.
About MPY Telecom
MPY Telecom is a growing and evolving expert company specializing in digital infrastructure, both in fibre networks and telecom masts. The company has been providing services for over 135 years, and today enables seamless digital services and future solutions for consumers, housing companies and businesses as part of their everyday life. For operator customers, the company offers versatile and reliable operator services and related infrastructure. We always seek to positively surprise our customers, and for us customer service is a matter of the heart. MPY Telecom is, as they say, more than a partner.