The Company paid a $150 million cash dividend to its stockholders.
The Company is a leading fiber network and broadband service provider in the Northeast, offering over 6,200 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.
Has invested over $1.5 billion in nearly 100 companies.
Manages over $2 billion in committed capital.
Has invested over $3 billion in more than 140 companies.
Pendo Advisors, LLC served as independent financial advisor to the board of directors of the Company and provided a solvency opinion in connection with the transaction.