Privately held Schurz Communications, Inc. will purchase locally-owned The New Knoxville Telephone Company (NKTelco), an Ohio-based fiber provider for an undisclosed sum, under an agreement announced today. Schurz will also gain NKTelco’s 4.5% investment in Com Net, Inc. (CNI), an…
Lumen, formerly CenturyLink, said today that it plans to sell its incumbent local exchange carrier (ILEC) operations in 20 Midwest and Southeast states in a deal with Apollo Funds. The deal will not include Lumen large enterprise or competitive local…
July 13, 2021 – The Michigan cities of Farmington Hills & Farmington have both signed up to become a SiFi Networks’ FiberCity®. SiFi Networks is already constructing networks in California and Massachusetts, and these two cities will be the first…
When they meant the T-Mobile Shentel deal for Shentel’s wireless network would close in the third quarter, they meant it. A statement was released at 12:00 AM on the first day of the third quarter announcing the deal has closed….
WOW Internet, Cable & Phone (WOW) today announced agreements in which it will sell systems in Ohio, Illinois, Indiana and Maryland. The divestitures have a total value of $1.786 billion. The larger agreed to transaction is with Cogeco Communications’ subsidiary…
Verizon has acquired Senion, a company that provides indoor positioning system (IPS) technology based on “machine learning sensor fusion technology.” The platform, according to Verizon, provides sub-meter accuracy for positioning and navigation within structures. The Senion system adds indoor wayfinding,…
With the closing of its acquisition of the Indiana Fiber Network, Zayo Group Holdings has added more than 5,000 route miles of on-net connections and what it characterizes as dense fiber to almost 1,000 enterprise buildings in Indianapolis, Fort Wayne,…
Shentel and T-Mobile finalized the asset purchase agreement for the sale of Shentel wireless assets to T-Mobile. The deal is expected to close in 3Q 2021. Back in August 2020, T-Mobile exercised a purchase option for Shentel wireless assets that…
Amazon announced a deal to acquire MGM studios for $8.5 billion today. The deal will provide Amazon a deep library of high value content and a studio and production house to create more, as it looks to compete in the…
The latest rural broadband M&A deal involves Bedford, NH-based USConnect Holdings and West Point, GA-based ITC Broadband Holdings. USConnect has entered into a definitive agreement to be acquired by ITC, the companies announced today. USConnect Holdings owns and operates 7…
AT&T and Discovery, Inc. said today that they have agreed to combine Discovery’s entertainment assets with AT&T’s WarnerMedia assets. If approved by regulators, the deal is expected to close in mid-2022. The combination of WarnerMedia and Discovery entertainment, sports and…
Cox is acquiring Charlotte, North Carolina-based regional operator Segra from private equity firm EQT Infrastructure, the company announced today. Segra operates a fiber network across nine states in the mid-Atlantic region and has roots in the independent telco sector. Segra’s…
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