Tag: Spectrum

Both Fundraises Exceed Targets with Strong Existing and New Limited Partner Support WASHINGTON–(BUSINESS WIRE) Grain Management, LLC  (“Grain” or the “Firm”), a leading private investment firm focused on broadband technology and the global communications sector, announced today the closing of its flagship fund, Grain Communications Opportunity Fund III, L.P. (“GCOF III”), with $2.25 billion in … Continued

Cincinnati Bell has sold its wireless spectrum licenses and some tower leases to Verizon Wireless for $210 million. The total value of the deal is estimated to be 4.5 and 6 times 2014 and 2015 adjusted EBITDA, respectively. The deal is expected to close in the second half of 2014. But you won’t see the … Continued

Cincinnati Bell Inc. (NYSE:CBB) said Monday that it has agreed to sell its wireless spectrum licenses and other related assets to Verizon Wireless Inc. in a deal valued at $210 million. Cincinnati Bell Wireless (“CBW”) will sell all of its rights, titles and interest in its wireless spectrum licenses for $194 million in cash, while … Continued

Verizon Wireless will pay $210 million to acquire spectrum licenses and related assets from Cincinnati Bell. The nation’s largest wireless carrier will assign the licenses to Grain Management, a private equity firm that invests in wireless infrastructure. Verizon will then lease back most of these licenses from Grain Management. Cincinnati Bell will exit the wireless … Continued