On June 13, 2025, Brookfield Infrastructure Partners struck a deal to acquire internet service provider Hotwire Communications. The transaction values Hotwire at approximately $7 billion, including debt, representing a significant investment in the growing broadband infrastructure industry.
Hotwire Communications specializes in providing fiber network internet services, with a focus on commercial and community-living customers. This acquisition aligns with Brookfield Infrastructure's strategic emphasis on digitalization and expanding its data segment.
The equity purchase cost net to BIP for this acquisition is expected to be up to $500 million. The closing of the transaction is anticipated in late Q3 2025, subject to customary closing conditions, including regulatory approvals.
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