Announced
Completed
Financials
Tags
Telecom
United States
internet services
Internet
Private Equity
Domestic
Completed
Private
Acquisition
Majority
Friendly
Single Bidder
Synopsis
Oak Hill Capital, a private equity firm, completed the acquisition of Wire 3, a fiber-to-the-home provider, from Guggenheim Partners, a private equity firm. Financial terms were not disclosed. "We are delighted to form a new partnership with Oak Hill, an experienced investor in the broadband sector. Oak Hill's investment and expertise will help us achieve our target to expand our high-speed Internet service to hundreds of thousands of homes and businesses across Florida. Our goal is to empower communities with reliable and fast Internet access, fostering growth and digital opportunities for all," Jai Ramachandran, Wire 3 CEO.
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