A consortium led by funds managed by global infrastructure investment firm H.R.L. Morrison & Co. and including the Australian Retirement Trust (ART) and a managed client of UBS Asset Management, completed the acquisition of US fibre provider FiberLight on 20 April. The company was acquired from Thermo Companies, as per a June 2022 agreement.
With approximately 18,000 route miles of fibre and 78,000 pre-qualified near-net buildings, FiberLight has a presence in more than 30 US metropolitan areas, with a particular focus on Florida, Georgia, Maryland, Texas, Virginia and Washington DC.
While the terms of the transaction have not been disclosed, Bloomberg valued the deal at USD1 billion.