DGtek Fibre Network | Media

DGtek raises new capital for network expansion

DGtek today announced a major investment in the Company by Treia Capital, an Australian based value-add infrastructure investor.


The substantial investment will enable DGtek to extend its Fibre-to-the-Home GPON network throughout central and the south east suburbs of Melbourne, rolling out to businesses, residential apartments and single dwelling houses within the area. Plans are also in place to rollout the network throughout Melbourne and across Australia over the next 2-3 years.


After conducting extensive due diligence on the Company, Treia Capital becomes a major shareholder in DGtek and will have Board representation. Treia is supportive of DGtek’s plans and development and intends to work closely with management to accelerate the Company’s network footprint and rollout plans. 


Commenting on the new investment, Andrew Martin and Michael Robinson, Principals of Treia Capital, said:


“We are pleased to be supporting DGtek through its expansion and believe the business is ideally placed to provide much needed fibre to the broader community. With the need for reliable, uncongested and high speed broadband internet growing at pace, the provision of high quality fibre networks is vital to Australia’s economic development and DGtek is well placed to lead this transformation.”


David Klizhov, CEO of DGtek, also welcomed the new investment:


“The investment by Treia not only provides much needed capital but also additional expertise to the team. We are grateful for the support and vote of confidence and look forward to working together to achieve DGtek’s strategic goals." 


Over time, the benefits in providing full fibre ultra fast broadband services to businesses and homes will be profound. No other technologies exist today that can match fibre for its reliability and speed.


With ambitious plans in place, DGtek aims to cover more than 1 million Australian premises with 10Gbps capable broadband by 2023.