Dimension Data Raises up N4.05 Billion to Supports Fibre Infrastructure in Nigeria this information was disclose after the company finish the first Series 1 corporate bond
the Dimension Data Limited has Disclose the improvement in the company and how the company was able to rise N20 billion (approximately US$14.7 million) for bond programme, and also discuss on how there are planing to expand it network of optical fibers nfrastructure to meet Nigeria’ to make sure Nigeria people enjoy good internet service
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The management of Dimension Data Limited has announce the successfully closing event/ ceremony for the issuance of its N4.05 billion (approximately US$2.9 million) Series 1 corporate bond following a successful subscription. according to the company this is the our first time doing the Series corporate bond and the first time the tranche of the company’s N20 billion (approximately US$14.7 million) bond programme, with proceeds earmarked for expanding its fibre infrastructure to meet Nigeria’s rising demand for digital connectivity.
during the event ceremony, the Managing Director of Dimension Data Limited know as Olugbenga Olabiyi disclose that the investment underscores the company’s commitment in improving the Nigeria’s digital economy.
Beyond delivering technology solutions, we work every day to strengthen Nigeria’s digital economy. This milestone reflects the confidence of our partners and investors in our vision, and we look forward to translating these investments into infrastructure that supports businesses, innovation and national digital transformation.”
– Olugbenga Olabiyi, Managing Director, Dimension Data Limited
During the event the Managing Director of Dimension Data Limited Olabiyi disclose his appreciation to the company’s customers, partners, Board members and advisers— he also forward on to also appreciation Deloitte, Pathway Advisors Limited, STL, Fidelity Bank, FCMB, Fidelity Bank, FCMB and FSDH Capital for the value they have added and support throughout the transaction.
Shatse Kakwagh, Managing Partner of Mbavaa Partners Limited and Director of Dimension Data SPV Limited, have come together to disclose that the bond issuance is the result of a two-year hardworking and a reflection of market confidence in the company’s growth strategy
“Today’s achievement validates the quality of work being done by the Dimension Data team and the market’s confidence in the company’s growth strategy. This funding is not the destination – it is the beginning of an even bigger journey.”
– Shatse Kakwagh, Managing Partner, Mbavaa Partners Limited and Director, Dimension Data SPV Limited
Kakwagh also show appreciation to the the company’s Board, FSDH Capital, transaction partners Pathway Advisors and other stakeholders he want on to thank them for the value they have added to the improvement of the company and their contributions
the Founder and Chief Executive Officer of Pathway Advisors Limited Adekunle Alade the Lead also show appreciations to Dimension Data for trusting the firm with the transaction. not only that he also thanks all the investors who participated in the bond issuance, saying that their participation show a strong confidence and trust in the company’s long-term growth prospects despite prevailing investor preference for shorter-term investment opportunities.
According the company the Dimension Data agree that as cloud take over , digital financial services and data-intensive applications continue to accelerate, resilient fibre infrastructure will remain a critical foundation for Nigeria’s digital economy.
