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Searchlight to invest USD 425 mln into Consolidated Communications

Monday 14 September 2020 | 14:14 CET | News
Update: 14 September 2020 | 14:31 CET
Investment firm Searchlight Capital Partners has agreed to hoist its stake in Consolidated Communications to 35 percent for a total of USD 425 million. The deal has been approved by the board of directors of Consolidated, which will use the money to accelerate fibre deployment and to reduce debt.

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[14/09/2020 14:31- Update: adding information about planned share offering]


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Categories: Fixed
Companies: Consolidated Communications
Countries: United States
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