Ardian, a private investment firm, Mila, theLargest telecommunications infrastructure service provider in Iceland. This represents Ardian’s sixth investment in the Nordic region and fourth investment in telecommunications.

Mila owns a network of fixed broadband, mobile access and backhaul covering the entire country. Ardian plans to support Mila in enhance the country’s connectivity through investment in 5G.

“We are very proud to have secured this unique investment, which is a perfect example of Ardian’s vision and leadership in telecommunications infrastructure,” said Gonzague Boutry, managing director at Ardian. “We believe that this acquisition, which comprises an entire integrated network, including passive and active equipment, will pave the way for similar transactions within the telecommunications industry.”

“With Ardian Infrastructure‘s support, Mila as an independent infrastructure provider with holistic service offerings can help to enhance the competitiveness of Iceland‘s telecommunications market,” added Jón Ríkharð Kristjánsson, CEO of Mila.