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Announced

Mubadala and Apollo to invest $500m in Brightspeed.

Financials

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Transaction Value£397m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Mobile

incumbent local exchange carrier

Single Bidder

Pending

Acquisition

Cross Border

United States

Friendly

Private

Minority

Private Equity

Synopsis

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Mubadala, the Abu Dhabi sovereign investor, and Apollo, a global private equity firm, agreed to invest $500m in Brightspeed, a broadband and telecommunications services company. "Digital infrastructure is driving growth and development across all sectors of society, enabling people and economies to reach their full potential. As a responsible global investor, Mubadala sees huge opportunity in supporting Brightspeed's growth strategy in transitioning large swathes of the US to fiber connectivity and promoting digital equity and inclusion," Khaled Abdulla Al Qubaisi, Mubadala CEO.

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