Macquarie fund to invest in US fiber internet provider SwyftFiber
Reuters
Published Oct 26, 2023 02:02PM ET
Updated Oct 26, 2023 08:35PM ET
(Reuters) -Australia's Macquarie Group (OTC:MQBKY) said late on Thursday that a fund managed by its asset management arm would invest in U.S.-based telecom services provider SwyftFiber.
Macquarie did not disclose the financial details of the deal, but a person familiar with the matter told Reuters that the asset manager was committing to make a $275 million investment.
SwyftFiber did not immediately respond to Reuters' request for comment on deal details.
The proposed investment will allow SwyftFiber to speed up the construction of fiber infrastructure in existing and new markets, Macquarie said in a statement.
SwyftFiber provides internet and television streaming services to communities in Louisiana, Arkansas and Mississippi, it added.
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Written By: Reuters
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