Growing Czech portfolio fuels Cordiant Digital's optimism
Cordiant Digital Infrastructure Ltd on Tuesday hailed the expansion of its Czech portfolio company CRA.
The Guernsey, Channel Islands-based investor is managed by Cordiant Capital Inc, and focuses on data centres and telecommunications. CRA is a Prague-based provider of television, radio and internet infrastructure which runs the digital radio network DBA+.
The CRA is launching six new commercial stations in Czechoslovakia, where its DAB+ coverage reaches 83% of the population, according to Cordiant Digital.
‘Demand for the technology is strong as DAB+ radio is now standard in new vehicles sold in the EU, primarily due to the European Electronic Communications Code, which requires all new car radios to be capable of receiving digital terrestrial radio,’ Cordiant Digital noted.
The firm’s Executive Chair Steven Marshall added: ‘This latest expansion further demonstrates the success and popularity of digital radio among listeners and broadcasters alike, and we expect to earn incremental revenues from these new radio stations, further validating our buy, build and grow approach to investing.’
Cordiant Digital shares rose 1.2% to 86.80 pence each on Tuesday morning in London.
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