M&A Journal: Thus Far in 2010 – Can You Name Them All?

September 23rd, 2010 by · 1 Comment

When it comes to network operators of all stripes, the M&A season warmed up early in 2010 and has only gotten hotter since.  In fact, there have been so many it is actually quite a feat of memory to list them all.  It hasn’t all been metro or regional fiber, though that has been the biggest focus.  Let’s take a quick stroll down the aisle of transactions thus far, categorized by who has been doing the buying. I’m including M&A targets with substantial US network assets only, with the announcement coming on January 1 or after.  If I’ve missed any, please let me know and I’ll add it!

By Private Equity

Target Buyer Announced Status
RCN ABRY Partners 3/6 Complete
DukeNet Alinda Capital Partners (50% stake) 6/25 Complete
Fibertech Court Square Capital Partners 8/26 In Process
Unite Private Networks Ridgemont Equity Partners 8/31 In Process

By PE-owned or Private Operators

Target Buyer Announced Status
US Metropolitan Telecom Cinnabar 1/14 Canceled
Mzima Networks PacketExchange 1/18 Complete
AGL Networks Zayo 3/24 Complete
Megapath Covad 3/31 Complete
Veroxity Lightower 5/25 Complete
Speakeasy Covad/Megapath 6/11 Complete
American Fiber Systems Zayo 6/30 In Process (10/1)
Lexent Metro Connect Lightower 9/14 In Process

By Public Companies

Target Buyer Announced Status
Qwest CenturyLink 4/22 In Process
Fibernet NTELOS 6/20 In Process
SouthEast Telephone Lightyear 7/1 In Process
KDL/Norlight Windstream 8/17 In Process
Tinet Neutral Tandem 9/9 In Process
Cavalier PAETEC 9/13 In Process

Wow, that’s 17 18 acquisitions announced thus far in 2010, with 1 canceled, 7 complete, and 10 still pending.  So who else is for sale out there in the US market?

Still For Sale (Or rumored to be)

One Communications
Alpheus Communications
NSTAR Communications
Reliance Globalcom

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Categories: Mergers and Acquisitions · Metro fiber

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