Brookfield Infrastructure Partners has struck a deal to buy internet service provider Hotwire Communications, valuing the company at around $7 billion, including debt, people familiar with the matter said on Friday. https://t.co/wPhEelBkWq
Brookfield to buy internet provider Hotwire in about $7 billion deal, sources say https://t.co/l3O1i0zeSZ https://t.co/l3O1i0zeSZ
Brookfield Strikes Deal to Buy Internet Provider Hotwire $BIP https://t.co/OzTXwfdZOu
Brookfield Infrastructure Partners LP has agreed to acquire Hotwire Communications LLC in a transaction that values the Florida-based internet-service provider at about $7 billion, including debt, according to people familiar with the matter. The purchase will give the Canadian investment firm a larger foothold in next-generation broadband infrastructure, a sector benefiting from rising demand for high-speed connectivity in the United States. Separately, Brookfield is in advanced talks to sell a Brazilian power transmission line to a consortium comprising China’s State Grid Corp. and Colombia’s Grupo Energía Bogotá, sources said. Terms of the potential sale were not disclosed, and discussions could still fall through, but the move signals Brookfield’s continued portfolio rotation between digital and energy infrastructure assets.