Announced
Completed
Financials
Tags
Telecom
Single Bidder
Acquisition
Private Equity
United States
Private
telecommunications services
Completed
Minority
Telecom Carriers
Telecommunications Services: Other
Friendly
Synopsis
Fiera, a global independent asset management firm, completed its acquisition of a minority stake in Conterra Ultra Broadband, independent fiber bandwidth providers to school, healthcare and government entities in the United States, from Court Square Capital. Financial terms were not disclosed. "We look forward to working together with our new business partner, Fiera Infrastructure, who shares our enthusiasm about Conterra's future growth prospects. This is an exciting time for Conterra. The new investment by Fiera Infrastructure coupled with the continued support of Court Square and our lenders provides Conterra with additional resources to continue to respond to broadband opportunities in our underserved, Tier II and Tier III markets," Steve Leeolou, Conterra Chief Executive Officer.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.