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Announced

Blackstone Group to invest in Hotwire Communications.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
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One Off Charge-

Tags

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Private Equity

United States

communications services

Friendly

optics telecommunications

Private

Pending

Single Bidder

Minority

Domestic

Cable Television

Acquisition

Synopsis

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Blackstone Group agreed to invest in Hotwire Communications, a provider of telecommunications services. Financial terms were not disclosed. “Consumers are increasingly seeking state-of-the-art fiber connectivity to meet their growing need for connected devices in their homes, and we believe Hotwire is exceptionally well positioned to capitalize on this rising market demand. We look forward to leveraging Blackstone’s scale to turbocharge Hotwire’s growth with further investment," Jasvinder Khaira, Blackstone Tactical Opportunities Senior Managing Director.

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