DIF Capital Partners invests in Canadian ISP RFNOW to expand network.
Infrastructure fund manager DIF Capital Partners has made an undisclosed investment in Canadian internet service provider RFNOW. The investment was made on behalf of Core-plus Infrastructure Fund III (CIF III), a fund that targets mid-sized, core-plus infrastructure companies in Europe and North America. The investment is intended to help RFNOW expand its telecommunications network.
RFNOW was founded in 2000 and currently provides enterprise fibre, residential fibre, fixed wireless internet and phone services over its 1,500km fibre optic network and tower portfolio in Manitoba and Saskatchewan, Canada. Willem Jansonius, partner and head of CIF at DIF Capital Partners, stated that RFNOW is offering a “tremendously important internet service connecting relatively remote areas with its state-of-the-art fibre technology”.
Chris Kennedy, RFNOW’s CEO, expressed his pride in what his team has accomplished and stated that the new partnership with DIF Capital Partners will provide “immediate and long-term benefits to RFNOW customers and employees”. He also noted that the partnership will enable the company to enhance its existing operations and accelerate investments in new communities and regions.
The investment from DIF Capital Partners is a major milestone for RFNOW. It will allow the company to expand its network and provide more reliable and efficient internet services to its customers. Furthermore, the partnership with DIF Capital Partners will enable RFNOW to accelerate investments in new communities and regions, allowing it to reach more people and provide them with access to reliable internet services.