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Broadband

Cable Bahamas sells Summit Broadband to Grain Management for USD 332 mln

Thursday 22 August 2019 | 14:35 CET | News
Cable Bahamas Limited (CBL) has reached an agreement to sell its majority interest in Florida-based ISP Summit Vista (Summit Broadband) to US private equity firm Grain Management. The sale is subject to customary closing conditions and is expected to close in the fourth quarter of 2019, said Grain Management in a statement. Summit Broadband owns and operates fibre-optic networks covering more than 1,800 fibre route miles across central and south-west Florida. It was acquired by CBL back in 2013.

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Categories: Fixed
Companies: Cable Bahamas
Countries: Bahamas / United States
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