SiFi Networks, North America’s leading privately owned Telecom company has begun construction of its latest FiberCity® project, in Rancho Cordova, California. The network will deliver 10 gigabit enabled speeds to over 75,000 residents and businesses in the city. It will be the fourth city in California to be in active construction of a SiFi Networks’ FiberCity® network. The first customers will be connected to the network in Spring of 2023.
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SiFi Networks, North America’s leading privately owned Telecom company will start construction next month of its latest FiberCity® project, in Simi Valley, California. The network will deliver 10 gigabit enabled speeds to over 47,000 residents and businesses in the city. It will be the third city in California to be in active construction of a SiFi Networks’ FiberCity® network. The first customers will be connected to the network in Summer 2022.
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APG Group NV (“APG”) – acting on behalf of its Dutch pension fund clients – has signed an agreement to strengthen the existing partnership with SiFi Networks America Limited (“SiFi” or the “Company”) by acquiring a 16.7% direct stake in the Company and establishing a joint venture (“Fiber JV”) to rollout open-access fiber-to-the-home (“FTTH”) networks in the US (the “Transaction”). This partnership, including APG’s US$500 million equity commitment to the Fiber JV, will contribute to bridging the digital divide in the US where over one-third of households do not have access to high-speed internet by offering fiber connections to those underserved communities. Whitehelm Capital (“Whitehelm”) will provide asset management services for the joint venture during the roll-out period.
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LONDON/AMSTERDAM - 3 SEPTEMBER 2021. PATRIZIA Infrastructure (formerly Whitehelm Capital) and APG Asset Management N.V. (“APG”), acting on behalf of its pension fund client ABP, are pleased to announce that the Smart City Infrastructure Fund (“SCIF” or the “Fund”) has closed its second funding round, bringing its total fund size to €750 million. SCIF fully committed the initial €250 million of funds from cornerstone investor APG to an exciting range of Smart City enabling infrastructure projects. As a result of this success, APG has confirmed its commitment of a further €500 million to SCIF to continue to invest in Smart City infrastructure opportunities on a global basis.
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SiFi Networks is set to launch its second West Coast FiberCity® in Placentia CA.
The privately funded citywide fiber network will pass every home and business in Placentia and enable the opportunity to access Smart City applications. Placentia is SiFi’s third FiberCity® and the second one in California.
Construction of the fiber network will commence in June with the entire network expected to be complete in 2023.
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The Smart City Infrastructure Fund (“SCIF”), in partnership with SiFi Networks (SiFi), is pleased to announce that it has committed to the roll-out of a FiberCity network in Salem, Massachusetts.
Construction of the fibre network will commence before the end of the year, with the entire network projected to be complete in 2022.
Salem is the second city to be funded by SCIF in conjunction with SiFi. Progress at the first city, Fullerton, is progressing well, with the first customers now being connected. Several more cities are in the pipeline.
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The Smart City Infrastructure Fund (“SCIF”) is delighted to announce that it has provided an investment of up to $450 million to fund the growth of SiFi Networks’ FiberCity™. SCIF is a global investment fund cornerstoned by APG and managed by PATRIZIA Infrastructure (formerly Whitehelm Capital). SiFI Networks is the leading North American developer of open access fibre optic networks. The investment from SCIF will enable SiFi Networks to expand its business and meet the expected exponential growth in demand for high speed connectivity across the USA.
Whitehelm Captial, backed by APG, is leading a bold effort to make cities smarter – and one outcome could be parking spaces smart enough to tell a digital app that they are empty and available.
Whitehelm Capital has Dutch investor APG on board for its Smart Cities Fund. Christopher O’Dea reports
LONDON/AMSTERDAM – 8 APRIL 2019. APG and Whitehelm Capital, on behalf of the Smart City Infrastructure Fund, have agreed to partner with SiFi Networks America Ltd (“SiFi”) to invest over $75 million in the deployment of Smart-City ready digital infrastructure in the City of Fullerton, California. The investment will enable the roll-out of the largest privately funded open access fiber network by SiFi in North America.
Whitehelm Capital and APG, on behalf of ABP and other pension fund clients, announced today the first close of the Smart City Infrastructure Fund (the “Fund”), an investment vehicle set-up to pool pension fund investments in select Smart City infrastructure across Europe, North America, Australia and other major urban areas in the world.