M&A Deal Summary

Everest Infrastructure Partners Acquires Frontier Communications - Wireless Towers

On January 22, 2019, Everest Infrastructure Partners acquired communications company Frontier Communications - Wireless Towers from Frontier Communications Parent

Acquisition Highlights
  • This is Everest Infrastructure Partners’ 1st transaction in the Communications sector.
  • This is Everest Infrastructure Partners’ 1st transaction in the United States.
  • This is Everest Infrastructure Partners’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-01-22
Target Frontier Communications - Wireless Towers
Sector Communications
Buyer(s) Everest Infrastructure Partners
Sellers(s) Frontier Communications Parent
Deal Type Divestiture

Target

Frontier Communications - Wireless Towers

Norwalk, Connecticut, United States
Frontier Communications Corp. - Wireless Towers includes 100 wireless tower assets in Norwalk, Connecticut.

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Buyer(S) 1

Buyer

Everest Infrastructure Partners

Pittsburgh, Pennsylvania, United States
Category Company
Sector Infrastructure
DESCRIPTION

Everest Infrastructure Partners is an owns and operator of communications infrastructure assets including wireless communications towers, rooftop locations, tower ground leases, and indoor wireless systems.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Frontier Communications Parent

Dallas, Texas, United States
Category Company
Founded 1935
Sector Communications
Revenue 5.7B USD (2023)
DESCRIPTION

Frontier Communications Parent is a provider of broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses, and home offices, and advanced communications for medium and large businesses in 27 states. Frontier Communications Parent was founded in 1935 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 2 of 3
Type (Divestiture) 2 of 3
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Verizon Communications - Wireline Operations in California Florida and Texas

New York, New York, United States

Verizon's Wireline Operations in California, Florida and Texas include 3.7 million voice connections, 2.2 million broadband connections, and 1.2 million FiOS® video connections.

Buy $10.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 Ziply Fiber

Everett, Washington, United States

Ziply Fiber is a telecommunications network business comprises a network that passes 1.7 million residential and business locations, of which approximately 500,000 are fiber-to-the-premises capable. Ziply Fiber is based in Everett, Washington.

Sell $1.4B
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