BCE (Bell) Acquires Ziply Fiber

Searchlight-Led Investor Group Acquires Frontier's Northwest Operations to Form Ziply Fiber

May 1, 2020

Telecommunications

A Searchlight Capital Partners-led investor group, together with WaveDivision Capital (WDC), PSP Investments, BCI and CPP Investments, completed the $1.352 billion acquisition of Frontier Communications' Northwest operations and assets and committed an additional $500 million for network and service improvements to form Ziply Fiber. The new company, headquartered in Kirkland, Washington, will focus on upgrading the region to predominantly all-fiber service for roughly 500,000 residential and business subscribers across Washington, Oregon, Idaho and Montana.

SLICFiber Acquires Westelcom to Expand Fiber Network Capacity

May 1, 2025

Telecommunications

SLICFiber has completed the acquisition and integration of Westelcom, resulting in a major network upgrade that increased capacity by up to tenfold and improved redundancy across Upstate New York. The combined 100% fiber network now offers faster, more reliable service with private cloud connections to Microsoft, Amazon, and Google, supporting residential, business and institutional customers across the region.

Macquarie Infrastructure Partners V Acquires Cincinnati Bell Inc.

September 7, 2021

Telecommunications

Macquarie Infrastructure Partners V (MIP), via Macquarie Asset Management, completed an all-cash acquisition of Cincinnati Bell Inc. for approximately $2.9 billion including debt. The deal (at $15.50 per share) takes Cincinnati Bell private and is intended to accelerate the company’s fiber build and support strategic investments in its CBTS IT services business.

altafiber Acquires Agile Network Builders (Agile)

May 2, 2022

Telecommunications

altafiber (formerly Cincinnati Bell) has closed its acquisition of Agile Network Builders, LLC, a Canton, Ohio-based provider of hybrid fiber-wireless networks and wireless infrastructure leasing. The deal expands altafiber's middle-mile, last-mile and wireless infrastructure capabilities across Ohio and neighboring states, supporting connectivity for public safety entities, carriers and rural ISPs.

Searchlight Capital and BCI to Acquire Consolidated Communications for $3.1 Billion

November 20, 2024

Telecommunications

Affiliates of private equity firm Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) will acquire Consolidated Communications Holdings, Inc. in an all-cash transaction valuing the company at approximately $3.1 billion including assumed debt. The deal, which was approved by the Vermont Public Utility Commission and previously by Consolidated shareholders, will take the Mattoon, Illinois–based fiber and landline provider private to provide greater flexibility to execute its fiber expansion strategy, subject to remaining federal approvals.

Beanfield Metroconnect Acquires FibreStream

January 25, 2022

Telecommunications

Beanfield Metroconnect, the owner and operator of a large independent fibre-optic network in Toronto and Montreal, acquired FibreStream, an ISP serving condominium residents in the GTA, Ottawa and Vancouver. The deal expands Beanfield’s residential footprint and customer base while retaining FibreStream’s plans and pricing for existing customers.