Morrison & Co buys US network builder FiberLight in US$1B deal

The Wellington-based investor continues to push into the US, most recently with the FiberLight deal (Image: Screenshot)

Fri, 01 Jul 2022

A group led by New Zealand infrastructure investment firm HRL Morrison & Co has agreed to buy FiberLight, a fibre network company in the United States.Morrison & Co teamed up with Australian Retirement Trust and a Californian retirement fund managed by UBS Asset Management to strike the deal, which Bloomberg has reported as being worth US$1 billion, including debt.The investment will accelerate Atlanta-based FiberLight’s network expansion, as it attempts to take advantage of the rapidly growing fibre infrastructure market in the U...

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