QIA to Combine QNBN and Gulf Bridge International (GBI)

EQT Infrastructure to merge IP-Only and GlobalConnect

November 21, 2019

Telecommunications

EQT Infrastructure announced plans to combine its portfolio companies IP-Only and GlobalConnect to create a leading Northern European fiber-based datacom and cloud-enabling infrastructure provider. The merger creates scale across Sweden, Denmark, Norway and Northern Germany — combining roughly 58,000 km of fiber, ~18,000 sqm of data center capacity, more than 1,500 employees and combined 2018 revenues of ~EUR 520 million to accelerate network rollout, innovation and cross-border services for B2B, B2C and public customers.

I Squared Capital Acquires GTT's Infrastructure Division for $2.15 Billion

October 16, 2020

Telecommunications

I Squared Capital agreed to acquire GTT Communications' infrastructure division for $2.15 billion. The sale transfers a global fiber network, transatlantic subsea cables and data center/colocation assets to I Squared (later relaunched as EXA Infrastructure), allowing GTT to refocus on its capex‑light cloud networking business.

QIA Takes Minority Stake in Advanced Integration Technology (AIT)

February 22, 2022

Industrial Services

Qatar Investment Authority (QIA) agreed to acquire a minority interest in Advanced Integration Technology (AIT) through a combination of primary capital and partial share purchases from AIT’s founding management and Onex Partners IV. The transaction creates joint minority ownership between QIA, AIT’s management and Onex and is intended to support AIT’s post-pandemic growth and innovation in aerospace, defense and space launch automation, including urban air mobility.

Grain Management Acquires Quintillion (QSH Parent Holdco LLC)

February 15, 2024

Telecommunications

Grain Management, a Washington, D.C.-based investment firm focused on digital infrastructure, has completed its acquisition of QSH Parent Holdco LLC (Quintillion), the leading provider of subsea and terrestrial fiber connectivity in Alaska and the North American Arctic. Quintillion operates a subsea and terrestrial high-speed fiber network and provides broadband connectivity, satellite ground station, and edge processing services to government and commercial telecommunications providers; the deal is intended to accelerate broadband expansion in Alaska and strengthen geostrategic connectivity for national defense.

GI Partners Acquires Rise Broadband

January 2, 2023

Telecommunications

GI Partners has completed the acquisition of Rise Broadband, a leading fixed wireless and fiber-to-the-home broadband provider serving primarily rural communities across 16 states. GI Partners is committing new capital to accelerate Rise Broadband's rollout of fiber-to-the-home services and improve customer experience under the existing Rise management team.

BAI Communications Acquires ZenFi Networks

July 26, 2022

Telecommunications

BAI Communications has agreed to acquire ZenFi Networks, an East Coast US provider of small cell deployment, fiber connectivity, network edge colocation and related digital infrastructure services. The deal expands BAI's North American footprint and capability across the New York–New Jersey metro region (including LinkNYC rights and ~1,100 route miles of fiber) and is positioned to accelerate the company's 5G infrastructure growth in the United States.