Abu Dhabi's sovereign wealth fund Mubadala<\/a> Investment Company will invest $500 million in U.S.-based broadband service provider Brightspeed<\/a>, the companies said on Tuesday.

Following the investment, Mubadala will become a minority shareholder alongside investment funds managed by affiliates of
Apollo Global<\/a> Management, Inc, the statement said.

Apollo formed Brightspeed after it acquired the broadband and telecom assets of
Lumen Technologies<\/a> Inc. The deal has been clouded by a failed attempt by banks last year to sell $3.9 billion of debt that financed the acquisition.

\"Mubadala sees huge opportunity in supporting Brightspeed's growth strategy in transitioning large swathes of the U.S. to fiber connectivity,\" Mubadala's chief executive officer Khaled Abdulla Al Qubaisi said in a statement.
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阿布扎比的Mubadala投资500美元在美国互联网公司mln Brightspeed

阿波罗形成Brightspeed收购后腔技术公司的宽带和电信资产。该交易已经受到失败的银行去年试图出售39亿美元的债务融资收购。

  • 更新2023年5月3日07:37点坚持

阿布扎比的主权财富基金穆巴达拉投资公司将投资5亿美元在美国的宽带服务提供商Brightspeed,公司周二表示。

投资后,Mubadala将成为少数股东和投资基金管理子公司阿波罗全球管理公司,声明说。

阿波罗Brightspeed形成后的宽带和电信资产收购腔技术Inc .的交易已经受到一个失败的尝试银行去年销售39亿美元的债务融资收购。

Mubadala认为巨大的机会在支持Brightspeed的增长战略转变的大片地区美国纤维连接,”阿卜杜勒Mubadala首席执行官Khaled Al Qubaisi在一份声明中说。

  • 2023年5月3日发表在07:35坚持
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Abu Dhabi's sovereign wealth fund Mubadala<\/a> Investment Company will invest $500 million in U.S.-based broadband service provider Brightspeed<\/a>, the companies said on Tuesday.

Following the investment, Mubadala will become a minority shareholder alongside investment funds managed by affiliates of
Apollo Global<\/a> Management, Inc, the statement said.

Apollo formed Brightspeed after it acquired the broadband and telecom assets of
Lumen Technologies<\/a> Inc. The deal has been clouded by a failed attempt by banks last year to sell $3.9 billion of debt that financed the acquisition.

\"Mubadala sees huge opportunity in supporting Brightspeed's growth strategy in transitioning large swathes of the U.S. to fiber connectivity,\" Mubadala's chief executive officer Khaled Abdulla Al Qubaisi said in a statement.
<\/p><\/body>","next_sibling":[{"msid":99947035,"title":"Meta took action over 38.4 million pieces of content in a month","entity_type":"ARTICLE","link":"\/news\/internet\/meta-took-action-over-38-4-million-pieces-of-content-in-a-month\/99947035","category_name":null,"category_name_seo":"internet"}],"related_content":[],"msid":99947089,"entity_type":"ARTICLE","title":"Abu Dhabi's Mubadala to invest $500 mln in US internet firm Brightspeed","synopsis":"Apollo formed Brightspeed after it acquired the broadband and telecom assets of Lumen Technologies Inc. The deal has been clouded by a failed attempt by banks last year to sell $3.9 billion of debt that financed the acquisition.","titleseo":"internet\/abu-dhabis-mubadala-to-invest-500-mln-in-us-internet-firm-brightspeed","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2023-05-03 07:35:55","lastupd":"2023-05-03 07:37:50","breadcrumbTags":["Brightspeed","Mubadala","Internet","international","telecom news","Brightspeed funding","broadband services","Apollo Global","Lumen Technologies"],"secinfo":{"seolocation":"internet\/abu-dhabis-mubadala-to-invest-500-mln-in-us-internet-firm-brightspeed"}}" data-news_link="//www.iser-br.com/news/internet/abu-dhabis-mubadala-to-invest-500-mln-in-us-internet-firm-brightspeed/99947089">