Twiggy Forrest's Tattarang invests $25m in dark fibre innovator FibreconX

Twiggy Forrest's Tattarang invests $25m in dark fibre innovator FibreconX

Andrew 'Twiggy' Forrest.

Hot on the heels of recent deals in cannabinoid research and a Byron Bay hinterland resort, Andrew ‘Twiggy’ Forrest’s private investment group Tattarang continues to execute its diversified investment approach with a strategic stake in FibreconX.

Founded in 2019, FibreconX is a unique high-capacity fibre infrastructure provider in the Australian market and is the first telecommunications company to build a dedicated duct and dark fibre network that connects all major data centres in Sydney.

The investment is understood to be worth $25 million, although this could not be confirmed by the company.

FibreconX utilises its own operating platform Fusion, delivering pure automation in configuring, quoting and provisioning the services between data centres within 40 seconds. Provisioning similar services in the past has traditionally been a month’s long process.

By leveraging its dedicated data centre core duct network, FibreconX enables high capacity and low latency connections for customers through dedicated connections over the shortest distance between data centres.

In 2021, FibreconX completed construction of its Sydney dark fibre network connecting 32 data centres to service the growing demand for high capacity, direct interconnections between data centres.

Tattarang chief investment officer John Hartman said with further expansion of FibreconX’s dedicated dark fibre network planned, the company was well placed to meet future demand for high-capacity fibre from emerging digital markets.

"Fibre infrastructure is a key driver for the continued digitisation of the Australian economy, and we believe FibreconX is ideally positioned to capitalise on growing demand for reliable, flexible and secure data and connection services in Australia," Hartman said.

FibreconX CEO Mark Rafferty welcomed Tattarang’s investment, explaining it was ideally timed as the company was targeting its next phase of growth in Melbourne and Brisbane for delivery by 2022.

"We are excited to be delivering this infrastructure and fibre services to the market where there has been a lack of specialisation and availability for our partners," Rafferty said.

"We believe Australian cities can be the centres of tomorrow’s global digital economy and we are proud to be leading the delivery of the critical building blocks that will create this future.

"By providing high-capacity, data centred dedicated dark fibre services at a leading price point, we are enabling our partners and multinational technology companies to deliver higher quality services to customers and assisting them meet the rapidly increased data demands of our regions."

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