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Consolidated closes Kansas City sale; NOVA buys Xchange; Omni Fiber acquires Ohio Telecom

2 Dec 2022

Consolidated Communications completed the sale of its Kansas City assets to Everfast Fiber Networks on 30 November 2022. The deal was valued at approximately USD82 million in gross cash proceeds, subject to the finalisation of certain working capital and other post-closing purchase price adjustments. Everfast is owned by funds managed by Astatine Investment Partners.

In other news, NOVA Infrastructure, a middle-market infrastructure investment firm, has acquired Xchange Telecom, an ISP which serves residents and businesses in Brooklyn, Queens, Manhattan and the Bronx, as well as communities in upstate New York and New Jersey. NOVA notes that it first invested in Xchange in September 2021.

Elsewhere, Cincinnati-based fibre-to-the-premises (FTTP) operator Omni Fiber has acquired Port Clinton-based Ohio Telecom. The deal closed on 30 November and the buyer notes that, going forward, Ohio Telecom customers will be eligible for 2Gbps download speeds.

United States, Consolidated Communications (incl. Fidium Fiber), Omni Fiber

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