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Sources: a KKR-led consortium is nearing a deal to buy Singapore-based ST Telemedia Global Data Centers for $10B+, as Asia sees a data center investment frenzy (P.R. Venkat/Wall Street Journal)

P.R. Venkat / Wall Street Journal : Sources: a KKR-led consortium is nearing a deal to buy Singapore-based ST Telemedia Global Data Cente...

5 September 2024

Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023 (Christopher Palmeri/Bloomberg)

Christopher Palmeri / Bloomberg:
Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023  —  Investors will get $38.50 a share in cash, a 37% premium to the $28.04 closing price on Tuesday, the day before news of a pending deal came out.

Posted from: this blog via Microsoft Power Automate.

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