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Morrison & Co. closes FiberLight takeover

25 Apr 2023

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.

United States, FiberLight

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