- EQT Infrastructure has signed a deal to sell a minority stake in GlobalConnect, a Swedish data, and services company, to Abu Dhabi's government Investment Company, Mubadala.
- GlobalConnect’s infrastructure carries more than 50% of all internet traffic generated in the Nordics. Through this deal, Mubadala and GlobalConnect seek to increase digital connectivity and meet the needs of growing internet traffic.
- Mubadala’s previous experience with data centers and fibre-to-the-home assets will help EQT Infrastructure expand its shareholder base. This deal seems to benefit both parties, but no financial details have been disclosed yet.
Why it matters
This initiative aligns with UAE’s 2030 strategy to diversify its oil-based economy, and Mubadala is increasingly investing in the digital sector.
