Jana Partners built stake in Frontier Communications, call for company sale

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Explore stories from Atlantic Canada.

SaltWire's Atlantic regional weather forecast for October 17, 2023] | SaltWireNEW YORK - Activist investment firm Jana Partners has built a new position in telecommunications company Frontier Communications and is calling on the United States' third largest fiber broadband provider to sell itself.

A large communications company has partnered with Jana on the idea and is investing alongside the firm, Ostfeld said, declining to name the industry player.Frontier, whose share price had tumbled 32% since January, has been aggressively expanding to more homes and businesses to meet demand for higher speed internet services.

Buying up fiber providers has been a popular investment theme for private equity firms and infrastructure investors around the world. KKR, Apollo Global, Searchlight Capital Partners, Macquarie Infrastructure Partners, EQT, Oak Hill and Ares Capital have all invested aggressively in the space. Ares Capital is Frontier's largest shareholder, owning a 16% stake and is also an investor in private fiber provider altafiber. In May, Ares updated a regulatory filing and said it plans to seek change or to influence control at Frontier, including through a possible transaction.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 45. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Jana Partners built stake in Frontier Communications, call for company saleActivist investment firm Jana Partners has built a new position in telecommunications company Frontier Communications and is calling on the United States...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

B.C. pension fund manager part of US$3.1B acquisition deal for Consolidated CommunicationsProposal to buy the broadband and fibre provider was first made public in April
La source: PGCitizen - 🏆 65. / 51 Lire la suite »

B.C. pension fund manager part of US$3.1B acquisition deal for Consolidated CommunicationsProposal to buy the broadband and fibre provider was first made public in April
La source: BurnabyNOW_News - 🏆 14. / 77 Lire la suite »

Amex partners with F1 in 1st new sports sponsorship for payment company in more than a decadeLAS VEGAS (AP) — American Express on Monday announced a multi-year partnership with Formula One in the first new sports sponsorship in more than a decade for...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »