Fast-growing dark fibre player FibreconX is opening up its shareholder register for a new deep-pocketed investor, as it seeks to expand its network beyond Sydney and Melbourne to meet the wave of AI-led demand for data centres.
Lazard Australia has been appointed to oversee the capital partner search, and is expected to kick off a formal process this month. The business, which is backed by Andrew Forrest’s family office Tattarang, is seeking about $150 million and will target high-profile digital infrastructure investors, according to preliminary sale documents seen by Street Talk.
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