COVID-19 Driving Investment in ISPs, CoBank Says
Broadband merger and acquisitions are robust as investors seek to cash in on “society’s digital transformation” driven by the COVID-19 pandemic, CoBank reported. “Over the last year, investors have moved down market, targeting smaller rural operators who have replaced some…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
or all of their copper networks with fiber,” CoBank said: “Institutional investors and strategic buyers have already acquired most of the mid-tier fiber transport companies.” The lender sees a new trend of investors buying wireless ISPs. Friday's report sees few risks: “There are simply too many underlying secular tailwinds for things to soften in a material way.” CoBank funds farm credit associations and rural communications infrastructure.