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New Deal


Announced

Searchlight Capital to invest in Wecom.

Financials

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Transaction Value-
Consideration TypeCash
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United States

Minority

internet service provider

Internet

Private Equity

Domestic

Single Bidder

Pending

Acquisition

Private

Synopsis

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Searchlight Capital, a global private investment firm, agreed to invest in Wecom, am internet service provider. Financial terms were not disclosed. “Hundreds of thousands of rural households and businesses in Arizona lack equal access to high-speed Internet service. Wecom’s long track record of providing reliable, best-in-class services to Arizona communities for more than 60 years makes it the perfect partner to help bridge the digital divide in the state. We are extremely proud to be able to work with such an established operator to bring the connectivity that rural communities need and the benefits it brings to students, small businesses, and communities overall,” Darren Glatt, Searchlight Partner and Head of Digital Infrastructure.

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