Pandemic-hit connectivity providers turbocharging diversification strategies
Connectivity providers hit hard by the COVID-19 crisis are accelerating diversification strategies through M&A. With recovering markets and global expansion ...
Tag: Evercore
SPAC boom shines path for capital-intensive satellite companies
The resurgent special purpose acquisition company (SPAC) market has found its second pure-play space company in Momentus, a US-based startup facilitating ‘last-mile’ ...
The investment potential for blending connectivity with Earth imagery
Geospatial data provider BlackSky’s tie-up with satellite broadband operator Intelsat took many by surprise, stirring debate over what a partnership that combines Earth ...
Discovery Communications gets new loan, boosts revolver to fund Scripps buy
US media company Discovery Communications has secured a new loan and is boosting its revolver so that it can fund ...
Discovery Communications buys Scripps Networks in US$14.6bn deal to take on OTT
As media and entertainment moves to a direct-to-consumer focus, US-based Discovery Communications has acquired Scripps Networks Interactive in a cash-and-stock transaction worth ...
WOW! misses IPO target with US$310m in share sales
Colorado-based broadband operator WideOpenWest (WOW!) fell short of its IPO target after raising only US$310m in its recent share sale. WOW! had ...
Straight Path shares sink after Verizon is unveiled as victor in bidding war
US telecoms startup Straight Path has unmasked Verizon as the victor in its takeover bidding war with rival AT&T in an all-stock deal amounting to an ...
Softbank to scale up investment activities by taking Fortress private
Japan’s Softbank has taken another step in what it terms its ‘2.0 transformation strategy’ by striking a US$3.3bn deal to buy diversified ...
Gogo taps junk bond market again as hunt for CFO begins
Inflight connectivity provider Gogo has returned to the high-yield bond market completing a US$65m add-on to its US$525m offering last summer. Norman Smagley, ...
Verizon to offload non-core data centres to Equinix for US$3.6bn
Verizon has agreed to sell its portfolio of 24 data centre sites to Equinix in a US$3.6bn all-cash deal, enabling the US ...
