Cable One is buying a 45% stake in Mega Broadband Investments Holdings LLC (MBI) from GTCR LLC for $574.1 million in cash, the companies announced yesterday. The final cash figure may be somewhat different because it will be adjusted for…
M&A
Data Center Consolidation Continues with DataBank zColo Deal
DataBank today agreed to acquire zColo, including certain U.S. and European data center assets, from Zayo Group Holdings, with the funds coming from debt financing. The DataBank zColo deal is expected to close at the end of the year. The…
KINBER Deal Will Continue FirstLight Acquisition Strategy
FirstLight said that it has entered into a definitive agreement to acquire “substantially all of the assets” of the Keystone Initiative for Network Based Education and Research (KINBER) in Pennsylvania. The KINBER deal is the latest example of what has…
Wren House i3 Broadband Acquisition Targets Broadband Expansion
Investment firm Wren House Infrastructure Management Limited said that it has agreed to acquire residential and commercial provider i3 Broadband from Seaport Capital and CountryWide Broadband. Terms of the Wren House i3 Broadband acquisition were not disclosed. i3 provides FTTH-based…
Searchlight Consolidated Investment Will Drive Widespread Gigabit Upgrades
Searchlight Capital Partners plans to make a $425 million investment to acquire a 35% share of Consolidated Communications. The Searchlight Consolidated investment aims to accelerate Consolidated’s fiber investment and return the company to revenue growth. Searchlight is a private investment…
Verizon to Acquire Tracfone Wireless, Catapulting it to Lead the Prepaid Wireless Segment
Verizon today announced its intention to acquire Tracfone Wireless and become the prepaid wireless leader in the U.S. as a result. The deal, which could be valued at close to $7 billion in cash and stock, would add Tracfone’s 21…
Nextlink Xstreamair Purchase Expands Nextlink Fixed Wireless Network
Fixed wireless broadband provider Nextlink Internet said it has purchased Iowa-based Xtreamair, another fixed wireless provider. The Nextlink Xstreamair purchase will expand Nextlink’s footprint into western Iowa, and Nextlink said it will expand the Xstreamair network so that subscribers will…
Altice Atlantic Broadband Acquisition Would Target Enhanced Scale
Video and broadband provider Altice USA said today that it has made an offer to acquire Cogeco, owner of video and broadband provider Atlantic Broadband. The proposal also calls for Altice to sell Cogeco’s Canadian operations to Rogers Communications. The…
FirstLight Completes Acquisition of TruePath Technologies
ALBANY, N.Y., Sept. 1, 2020 /PRNewswire/ — FirstLight, a leading provider of fiber-optic data, Internet, data center, cloud and voice services to enterprise and carrier customers throughout the Northeast and mid-Atlantic, announced today that it has completed its acquisition of TruePath Technologies (“TruePath”)….
Cable One Nextlink Investment: Piggybacking on Another CAF II Winner
Cable One officially announced its investment in fixed wireless internet service provider Nextlink today, formalizing news that Cable One CFO Steven Cochran previewed on the company’s second quarter earnings call earlier this month. The Cable One Nextlink deal gives Cable…
T-Mobile to Buy Shentel Wireless Assets, But Shentel Disputes Appraised Price
T-Mobile plans to exercise a two-decades-old agreement that gives it the option to purchase the wireless assets of Shentel, also known as Shenandoah Telecommunications Company, a publicly-held rural wireless and wireline provider that serves rural areas of Virginia and several…
FirstLight Completes Acquisition of PrimeLink
ALBANY, N.Y., Aug. 24, 2020 /PRNewswire/ — FirstLight, a leading provider of fiber-optic data, Internet, data center, cloud and unified communications services to enterprise and carrier customers throughout the Northeast and mid-Atlantic, announced today that it has received the regulatory approvals required to…