{"id":185770,"date":"2025-06-15T07:13:11","date_gmt":"2025-06-15T07:13:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/185770\/"},"modified":"2025-06-15T07:13:11","modified_gmt":"2025-06-15T07:13:11","slug":"brookfield-to-buy-internet-provider-hotwire-for-about-7-billion-sources-say","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/185770\/","title":{"rendered":"Brookfield to buy internet provider Hotwire for about $7-billion, sources say"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

The headquarters of Brookfield Asset Management in New York in May. Brookfield Infrastructure Partners has struck a deal to buy internet service provider Hotwire.DAVE SANDERS\/The New York Times News Service<\/p>\n

Brookfield Infrastructure Partners BIP-UN-T<\/a> has struck a deal to buy internet service provider Hotwire Communications, valuing the company at around US$7-billion, including debt, people familiar with the matter said on Friday.<\/p>\n

Hotwire is being acquired from current owner Blackstone BX-N<\/a>, which holds the investment across both its Infrastructure Partners and Tactical Opportunities arms.<\/p>\n

The people spoke on condition of anonymity to discuss confidential information ahead of a formal announcement, which was expected shortly, per one of the sources.<\/p>\n

Blackstone and Brookfield both declined comment.<\/p>\n

Bruce Flatt has some advice for investors: One day this will all be forgotten<\/a><\/p>\n

The Wall Street Journal first reported the news, citing people familiar with the matter.<\/p>\n

Co-founded in 2000 by Michael Karp and Kristin Johnson, Hotwire provides fibre network internet service to consumers, with a focus on commercial and community-living customers, according to its website.<\/p>\n

Blackstone bought the company in 2021 for an undisclosed amount, and helped grow the business, including expanding its operations from its original four-state footprint in the U.S. Southeast. Hotwire now offers internet in nine states, including Texas, California and Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The headquarters of Brookfield Asset Management in New York in May. Brookfield Infrastructure…\n","protected":false},"author":2,"featured_media":185771,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3161],"tags":[6934,6925,6935,1500,6918,6936,943,6917,6930,6931,6927,6919,6916,1700,2266,728,6929,6923,6946,6920,6921,1234,3082,6926,388,3611,6607,603,6941,6942,6944,6939,6943,6937,6940,6922,6932,6933,285,3027,6938,6924,53,183,6928,16,15,727,263,6945],"class_list":{"0":"post-185770","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-internet","8":"tag-alberta","9":"tag-arts-news","10":"tag-bc","11":"tag-breaking-news","12":"tag-breaking-news-video","13":"tag-british-columbia","14":"tag-canada","15":"tag-canada-news","16":"tag-canada-sports","17":"tag-canada-sports-news","18":"tag-canada-trafficcanada-weather","19":"tag-canadian-breaking-news","20":"tag-canadian-news","21":"tag-economy","22":"tag-education","23":"tag-environment","24":"tag-federal-government","25":"tag-foreign-news","26":"tag-globe-and-mail","27":"tag-globe-and-mail-breaking-news","28":"tag-globe-and-mail-canada-news","29":"tag-government","30":"tag-internet","31":"tag-life-news","32":"tag-lifestyle","33":"tag-local-news","34":"tag-manitoba","35":"tag-national-news","36":"tag-new-brunswick","37":"tag-newfoundland-and-labrador","38":"tag-northwest-territories","39":"tag-nova-scotia","40":"tag-nunavut","41":"tag-ontario","42":"tag-pei","43":"tag-photos","44":"tag-political-news","45":"tag-political-opinion","46":"tag-politics","47":"tag-politics-news","48":"tag-quebec","49":"tag-sports-news","50":"tag-technology","51":"tag-travel","52":"tag-trudeau","53":"tag-uk","54":"tag-united-kingdom","55":"tag-us-news","56":"tag-world-news","57":"tag-yukon"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/185770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=185770"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/185770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/185771"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=185770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=185770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=185770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}