Great Plains Communications Sold to Private Equity Firm

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Regional carrier Great Plains Communications has entered into an agreement to be acquired by private equity firm Grain Management LLC. The transaction highlights ongoing interest in broadband and fiber carrier assets by private equity firms. Terms were not disclosed. Nebraska-based Great Plains Communications has its...Learn More

$220 Million Novacap Horizon Acquisition Deal Closes, Continuing Foreign Investment in U.S. Fiber Trend

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Canadian private equity firm Novacap today completed its previously announced acquisition of Horizon Telecom for $220 million. The Novacap Horizon acquisition provides Novacap more than 4,300 fiber route miles and nearly 550,000 fiber strand miles with over 1,600 on-net locations and 16,600 near-net buildings. It...Learn More

Comcast Makes Superior All-Cash Proposal to Acquire 21st Century Fox After Spinoff of ‘New Fox’

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Comcast Corporation (Nasdaq: CMCSA) issued the following statement: Today, Comcast Corporation (“Comcast”) delivered a letter to the Board of Directors of Twenty-First Century Fox, Inc. (“21CF”) setting forth the terms of a superior proposal by Comcast to acquire the businesses that 21CF has agreed to...Learn More

AT&T Time Warner Approval is Without Conditions

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U.S. District Judge Richard Leon has ruled in favor of the AT&T and Time Warner merger. The AT&T Time Warner approval potentially paves the way for the deal to close, although the decision could be appealed. Seeking Alpha reported, however, that an appeal is unlikely,...Learn More

NineStar Connect Water Company Acquisition Would Provide More Fiber Broadband Expansion Opportunities

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NineStar Connect, the Indiana company formed in 2011 when a telecom cooperative and an electric cooperative merged, has since expanded into the water and sewer business and is pursuing an additional water company acquisition. In an interview, NineStar Connect Director of Marketing David Spencer said...Learn More

CFO: Anchor Tenant Fiber Builds Yield Strong Growth for Uniti Group

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Uniti Group, the telecom real estate investment trust (REIT) spun out from Windstream several years ago, has been doing a lot of targeted fiber builds since the spin-off. At an investor conference today, Windstream CFO, Executive Vice President and Treasurer Mark Wallace illustrated how the...Learn More

Hargray Acquires Georgia-based ComSouth and Expands Southeastern Footprint

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HILTON HEAD ISLAND, S.C., May 16, 2018 /PRNewswire/ — Hargray Communications announced today that it has closed the previously announced acquisition of ComSouth, an integrated independent telecommunications company serving middle Georgia including the cities of Hawkinsville, Perry, Fort Valley, Cochran, Unadilla, Pinehurst, Marshallville, Kathleen, Bonaire, and Warner Robins. The transaction further expands Hargray’s network in the southeast and positions the...Learn More

Third Level 3 Assets Divestiture Announced as DOJ Approves CenturyLink Tuscon Deal

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A third Level 3 assets divestiture deal was revealed today, as CenturyLink announced the Department of Justice (DOJ) approved a sale of assets in Tucson, Ariz. to First Digital Telecom. As a condition of approval for the Level 3 acquisition, CenturyLink was required to divest...Learn More

Fusion Announces Definitive Agreement to Acquire MegaPath

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NEW YORK, NY — May 10, 2018 — Fusion (NASDAQ: FSNN), a leading provider of cloud services, announced today that it has signed a definitive agreement to acquire privately-held MegaPath Holding Corporation (“MegaPath”). Based in Pleasanton, California, MegaPath provides a robust, fully-integrated suite of cloud...Learn More

Zayo Could Be Next Telecom REIT

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Fiber network operator Zayo said it has completed the first phase of an investigation on the advisability and feasibility of a conversion to a real estate investment trust (REIT). The investigation indicated that the company likely has alternatives that would enable REIT conversion. If that...Learn More

Arvig Purchases Palmer Wireless

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PERHAM, MINN., MAY 1, 2018—Arvig Enterprises, Inc., (dba Arvig) announced the purchase of Palmer Wireless, a local wireless company serving the St. Cloud metro area. The all-asset purchase includes 24 miles of fiber around the St. Cloud to Big Lake area. David Arvig, Vice President/COO...Learn More

T-Mobile Sprint: Unlike AT&T and Verizon, We Could Quickly Do Nationwide 5G

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If T-Mobile Sprint merger plans are approved by regulators, the merged company would have the network capacity required to quickly create a “broad and deep” 5G nationwide network in “the critical first years of the 5G innovation cycle,” said T-Mobile and Sprint in announcing their...Learn More

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