Announced
Financials
Tags
United States
Private Equity
Single Bidder
Acquisition
Pending
Private
Internet
Majority
ftth networks
Cross Border
Friendly
Synopsis
Wren House, an infrastructure investment management company, agreed to acquire i3 Broadband, a provider of fiber optic internet, HD TV and voice services, from Seaport Capital, a private equity firm, and Countrywide Broadband, a broadband acquisition and management firm. Financial terms were not disclosed. "i3 is committed to providing local communities with access to the most reliable, high-speed broadband connectivity available. These services are more critical than ever, allowing residents to easily e-learn and work-from-home, and communities to grow. Wren House's investment will allow us to expand our network and enhance our services, all while remaining committed to our customer-first culture. We are excited to have Wren House as our partner in this next chapter of i3's growth, and Sam Valencia, Executive Vice President and CFO, and I are pleased to be major investors in this new venture," Dan Kennedy, i3 Broadband CEO.
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