In a public letter to Crown Castle, Inc (CCI) New York-based activist investor, Elliott Management, blasted the telecom giant for underperformance of its fiber optic business.
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Verizon Buys Prepaid Cell Giant Tracfone
Verizon announced has purchased TracFone Wireless, the Miami-based prepaid mobile phone distributor that owns the widely advertised Straight Talk Wireless brand. The price was $6.25 billion.
Altice USA and Rogers Looking to Buy Cogeco for 7.8 Billion Dollars
On the morning of September 2, 2020, Altice USA, Inc. (“Altice USA”) (NYSE: ATUS) announced that it had presented an offer to Cogeco Inc. (“CGO”) and Cogeco Communications Inc. (“CCA”, together with CGO, “Cogeco”) to acquire 100% of the issued and outstanding shares of Cogeco. Altice USA announced that it had also entered into an arrangement to sell all the Canadian assets of Cogeco to Rogers Communications Inc. (“Rogers”) (TSX:RCI.A and RCI.B, NYSE: RCI), Cogeco’s largest long-term shareholder with a significant presence in Quebec, if its transaction with Cogeco is completed. Upon completion of the overall transaction, Altice USA would own all the U.S. assets of Cogeco, namely Atlantic Broadband.
5G could deliver great economic and social value by 2035
Omdia and Nokia’s “Why 5G in Latin America” report finds 5G will come to Latin America, sooner rather than later. The region lags its peers in productivity and economic growth, both of which will be enhanced by digital transformation. This, in turn, requires significantly enhanced broadband communications, and that leads to 5G which could add $3.3 trillion of value by 2035 and a $9 trillion improvement in productivity.
EdgeConneX is Sold
EQT Infrastructure has agreed to acquire EdgeConneX, Inc. (“EdgeConneX” or the “Company”) from an investor group led by Providence Equity Partners (“Providence”).