Brookfield Infrastructure Partners announced the acquisition of Hotwire Communications from Blackstone, although specific transaction details were not disclosed. Hotwire, a broadband service provider across multiple states, aims to broaden its reach and maintain its core values with Brookfield's infrastructure expertise. Kristin Johnson, Hotwire's CEO, expressed enthusiasm for the partnership and highlighted the growing importance of fiber infrastructure. This acquisition follows Brookfield's previous ventures in acquiring Cincinnati Bell and AT&T's data center operations, signaling their strategy to expand presence in the fiber broadband market.
We are thrilled to welcome Brookfield Infrastructure as a strategic investor and owner of Hotwire alongside the management team. Their infrastructure expertise makes them an ideal collaborator to maintain Hotwire's core values.
Together, we are poised to address the increasing importance of fiber infrastructure in everyday life. We are deeply grateful to our previous partner Blackstone for their tremendous support.
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