Two bits of M&A news and one metro fiber market expansion:
There was a bit of consolidation in the UCaaS space space this week. Utah-based Alianza has closed the purchase of Vancouver-based CounterPath. CounterPath's portfolio includes softphone and collaboration tools that will be delivered via Alianza's cloud communications platform, offering a full turnkey platform to service providers.
Summit Broadband is expanding its Florida metro fiber footprint. They started off this week by completing 140 route miles of fiber in the Tampa/Clearwater/St. Petersburg metro area. It's the company's first foothold in the area, complementing existing metro fiber in both Orlando and down around Fort Myers and Naples. The company now operates 2700 route miles of fiber state wide, including a stretch dark fiber via IRU along the state's east coast.
And Digital Colony has found some more infrastructure to invest in. The infrastructure fund has announced a deal to acquire Boingo Wireless. Boingo offers DAS and Wi-Fi infrastructure for indoor public spaces, the most familiar perhaps being airports and such. Digital Colony will be paying $14 per share and assuming $199MM in debt for a total transaction value of $854M. If all goes as planned, they expect to close the deal in Q2 of this year.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Mergers and Acquisitions · Metro fiber · Unified Communications · Wireless