Announced
Financials
Tags
Mobile
incumbent local exchange carrier
Single Bidder
Pending
Acquisition
Cross Border
United States
Friendly
Private
Minority
Private Equity
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.