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.