Lumen’s sale of incumbent local exchange carrier (ILEC) operations in 20 states in the Midwest and Southeast to Brightspeed has closed. When the deal was announced in August 2021, the selling price was $7.5 billion, with the acquiring company also…
M&A
LS Networks to Acquire PocketiNet
LS Networks has entered into an agreement to acquire PocketiNet Communications Inc., a residential internet, phone and Wi-Fi service provider, for an undisclosed price. The deal is expected to close in the second half of 2023. For the time being,…
Chesnee to Transition to Comporium Brand
Chesnee Communications will begin operating under the Comporium brand as of Nov. 1. This change marks a milestone in the process of fully integrating the employees and customers of Chesnee Communications into Comporium. Regional operator Comporium completed its previously announced…
Fastwyre to Acquire Moundville Communications, Entering Alabama Market
SULPHUR, La., Sept. 19, 2022 (GLOBE NEWSWIRE) — Fastwyre Broadband (“Fastwyre” or the “Company”), a leading broadband service provider to communities throughout the United States, today announced it has entered into a definitive agreement to acquire Moundville Communications, Inc. (“Moundville…
Investment Firm to Acquire US Signal
NEW YORK, Sept. 12, 2022 /PRNewswire/ — Igneo Infrastructure Partners, a global infrastructure investment manager with more than US$15 billion in assets, has entered into an agreement to acquire a 100 percent equity share of US Signal Company, LLC (US Signal), a leading data…
Cogent to Buy T-Mobile Wireline Business: What’s That? You Ask
Competitive fiber network operator Cogent Communications said that it has reached a definitive agreement to buy T-Mobile’s wireline business. The price was not disclosed. T-Mobile’s wireline business is comprised of the long-haul fiber network assets that the company acquired when…
FCC Approves Lumen 20-State Sale, Deal to Close Soon
The FCC has approved the sale of Lumen local exchange carrier operations in 20 states to Apollo-managed funds. The deal is expected to close early in the fourth quarter. FCC approval was the final hurdle in obtaining regulatory approvals for…
Moss Adams to Combine with Alexicon
SEATTLE, Aug. 4, 2022— Moss Adams, one of the largest accounting, consulting and wealth management firms in the nation, announced it agreed to combine with Alexicon, a niche consulting firm specializing in rural telecommunications with offices located in Colorado Springs,…
Commnet’s Sacred Wind Acquisition Would Unite Two Tribal Focused Providers
Commnet Broadband said today that it plans to acquire Sacred Wind Enterprises, a move that would unite two broadband providers focused on serving tribal areas. Commnet Broadband, a subsidiary of ATN International, traditionally has focused on the wholesale market in…
EN Engineering to Acquire FiberRise
July 20, 2022 – EN Engineering is pleased to announce that it has signed a definitive agreement to acquire FiberRise Communications, LLC. The transaction is expected to close in August. We are excited about the partnership with FiberRise, an innovator in…
American Tower Partners With Stonepeak in U.S. Data Center Business
BOSTON & NEW YORK, July 11, 2022-American Tower Corporation (NYSE: AMT) and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that Stonepeak, on behalf of certain affiliated investment vehicles, will acquire an ownership interest…
TruVista Announces Completion of PlantTel Acquisition
Chester, SC July 7, 2022 — TruVista Communications (“TruVista”) today announced that it has closed its previously announced transaction in which TruVista acquired Plant Telephone Company (“PTC”) and Plant Telecommunications Sales & Services, Inc. (“PTS”) (together “PlantTel”). The combined entity…
