Here are a few items to catch up on, mostly from over the weekend:
Some fiber out in the northern Great Plains is changing hands. Vast Broadband this week announced an agreement under which it will be acquired by GI Partners, who will take over from Pamlico Capital and Oak Hill Capital. The Sioux Falls-based provider serves some 60,000 residential and business customers with gigabit broadband, video, and phone serives in South Dakota and Minnesota.
Comcast is investing in its fiber infrastructure out in Modesto, California. They are putting $15M to work on network upgrades with the support of the local municipal government. The plans will enable 10Gbps connectivity to some 2,000 businesses throughout down town and central Modesto.
ExteNet Systems has a new financial backer. John Hancock Life Insurance is purchasing a 30% stake in the company, joining Digital Colony and Stonepeak Infrastructure Partners. ExteNet will use the additional capital to fund future growth as it scales for 5G.
And Capacity has provided a bit of new information about the ISQ/GTT deal, specifically about ISQ’s plans for the assets. One thing they apparently won’t be doing is consolidating GTT’s infrastructure division with HGC, which will remain focused on Asia. Rather ISQ sees opportunities in Europe to move into additional tier 2/3 cities. They also apparently have an interest in assets in the Americas, which we will have to keep an eye on.
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