A consortium led by Searchlight Capital Partners completed the acquisition of Northwest operations and assets of Frontier Communications for $1.4bn.

A consortium of investors led by Searchlight Capital Partners completed the acquisition of Northwest operations and assets of Frontier Communications for $1.4bn. The new company will operate as Ziply Fiber. The investors included WaveDivision Capital, the Public Sector Pension Investment Board, British Columbia Investment Management and Canada Pension Plan Investment Board. “We are delighted to partner with Steve, Harold and the Ziply team to build a leading brand and broadband network in the Northwest of the US. Never has the demand for fast, reliable internet been greater than at this moment. We are focused on upgrading the network to predominantly all-fiber, which will enable Ziply to deliver best-in-class symmetrical speeds in its markets," Eric Zinterhofer, Searchlight Founding Partner.