AIFA Acquires Controlling Stake in HyalRoute for $2.31 Billion
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All In FutureTech Alliance Inc. (AIFA) announced its acquisition of a 57.67% controlling stake in HyalRoute Fiber-Optic Communication Group for approximately $2.31 billion. The deal, funded entirely through newly issued AIFA common shares, is valued at $4.0 billion for HyalRoute. This acquisition is a significant step in AIFA's strategy to enhance its AI infrastructure capabilities. HyalRoute operates around 85,000 kilometers of fiber-optic networks across Southeast Asia and has shown a recovery in revenue post-COVID-19. AIFA's CEO highlighted the importance of fiber-optic infrastructure in meeting the growing demand for AI computing and data transmission. The transaction follows nearly three years of negotiations and due diligence, indicating a well-planned strategic move. The deal is expected to strengthen AIFA's position in the AI-driven digital infrastructure market.
Key Points: • AIFA acquires a 57.67% stake in HyalRoute for $2.31 billion. • The acquisition is fully funded through newly issued AIFA shares at $10.00 each. • HyalRoute operates 85,000 kilometers of fiber-optic networks across Southeast Asia.