Announced
Financials
Tags
Acquisition
Pending
Domestic
Friendly
Majority
Single Bidder
Telecommunications infrastructure
Private
United States
telecommunications assets
Disposal
Synopsis
Hawaiian Telcom, an integrated communications provider serving Hawaiʻi, agreed to acquire the inter-island submarine and middle-mile terrestrial fiber infrastructure assets from Paniolo Cable Company, an investment company, for $50m. "As a leading local broadband provider, we are committed to continuing to invest in Hawai‘i and deliver fast, reliable broadband service to residents and businesses across the islands. The Covid-19 pandemic has highlighted the critical importance of connectivity. This acquisition will advance our goal of strengthening and expanding broadband access in support of economic development, education and quality-of-life initiatives throughout our state," Su Shin, Hawaiian Telcom President and General Manager.
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