Originally published to Data Center POST.
Bluebird Network, LLC, (“Bluebird” or the “Company”) a Midwest telecommunications company, recently announced that they are being acquired by Macquarie Infrastructure Partners (“MIP”) for an undisclosed amount. MIP, a long-term infrastructure investment fund managed by the Macquarie Infrastructure and Real Assets (“MIRA”) division of Macquarie Group, partnered with Uniti Group Inc. (NASDAQ: UNIT) (“Uniti”) to finance the transaction. The transaction is subject to regulatory approvals and other customary terms and conditions, and is expected to be closed by the end of the third quarter 2019.
The transaction will involve Uniti acquiring Bluebird’s fiber network, which will then be leased back to Bluebird under a long-term lease. Bluebird will be acquiring Uniti’s Midwestern fiber business, receiving a long-term lease that consists of 2,500 miles of network located predominantly in Illinois. Once these transactions are completed, both networks will be combined and operated as one company under the Bluebird name. The Company will be operated by the existing Bluebird management team and employee-base headquartered in Columbia, MO, led by Chief Executive Officer, Michael Morey.
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