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Boingo Wireless Faces Alleged Securities Violations Over Acquisition by Private Equity Firm

Boingo Wireless Faces Alleged Securities Violations Over Acquisition by Private Equity Firm
lawstreetmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawstreetmedia.com Daily Mail and Mail on Sunday newspapers.

KPN takeover rumors broaden to new players

KPN saw a modest increase in its share price early on Thursday after rumors surfaced that Swedish private equity firm EQT is teaming up with Stonepeak Infrastructure Partners on a possible takeover bid. Bloomberg reported last year that EQT was in the early stages of discussing the feasibility of a deal with potential advisers. The Wall Street Journal is now suggesting that New York-based Stonepeak and EQT are working on a joint bid that would value the Dutch telco at more than $15 billion. According to the report, which cited unidentified sources, the funds are preparing to conduct due diligence with the goal of submitting a formal bid this spring. The WSJ added that it is possible they could take on another partner, and that competing bids may also come into play.

Zayo to Buy Regional Fiber Network Intelligent Fiber Network (IFN)

Zayo to Buy Regional Fiber Network Intelligent Fiber Network (IFN) Posted on Share Home » Zayo to Buy Regional Fiber Network Intelligent Fiber Network (IFN) Zayo said today that it plans to purchase Intelligent Fiber Network (IFN), a fiber network operator primarily serving Indiana that is owned by a group of independent telcos and a rural electric company. The deal is expected to close in the second half of 2021. The purchase price was not disclosed. Zayo has a 126,000-mile network in North America and Europe that the company has assembled, in no small part, through acquisitions. The company offers services such as wavelengths, Ethernet and dedicated internet access to enterprise customers.

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