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New Deal


Announced

Everstream to acquire the telecom assets of DataBank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

telecommunications assets

Acquisition

Pending

Telecommunications Equipment

Private

Friendly

Single Bidder

Synopsis

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Everstream, which offers business internet services, agreed to acquire the LightBound fiber/telecom assets of DataBank, a provider of enterprise-class data center, connectivity and managed services. Financial terms were not disclosed. The sale of the LightBound fiber/telecom assets to Everstream will allow DataBank to focus on its core data center and managed services offerings while simultaneously enabling Everstream to enter the Indianapolis market, serving the needs of existing LightBound fiber/telecom customers as well as new enterprises in the region. The transaction accelerates Everstream's planned entry into the Indianapolis market and provides Everstream with a lit fiber network extending across the metro area.

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