Investing.com -- Brookfield Infrastructure Partners (TSX:BIP_u) has reached an agreement to purchase internet service provider Hotwire Communications in a deal that values the company at approximately $7 billion, including debt, according to a Reuters report on Friday.
The acquisition will see Brookfield take ownership from current holder Blackstone (NYSE:BX), which holds the investment across its Infrastructure Partners and Tactical Opportunities divisions.
The report claims that the deal has already been finalized between the parties.
The Wall Street Journal was the first to report on this development, as it cited sources familiar with the matter.
