Blackstone Group to invest in Hotwire Communications.

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.