Ownership

In a deal between two providers focused on multifamily broadband, Smartaira has acquired Florida-based Lux Speed Inc. Smartaira provides multi-gigabit, symmetrical service via both fiber internet and managed Wi-Fi. It markets to homeowner-association, condo-association and multi-tenant rental properties in 26 states. The company said that the acquisition is its fourth since 2021 and that it will strengthen its operations in the southeast. 

Private capital is opening fiber availability outside of traditional telecom models, with the Gigapower joint venture between AT&T and infrastructure investor Blackrock a prime example. Gigapower is focusing on an open access model that will initially pass 1.5 million homes nationwide and enable the network to be used and shared by multiple fiber-to-the-home service providers.

The Federal Trade Commission is investigating whether Microsoft structured one of its latest deals with an artificial-intelligence startup to avoid a government antitrust review of the transaction. Microsoft in March hired Inflection AI’s co-founder and almost all of its employees and agreed to pay the startup around $650 million as part of a licensing fee to resell its technology.

Two incumbent local exchange carriers (ILECs) in Virginia—Amelia Telephone Corporation and New Castle Telephone Company—will be the property of RiverStreet Management Services LLC under an agreement signed on May 31 with TDS Telecom, current owner of the ILECs. The deal is based on a stock purchase agreement with RiverStreet.

NEK Broadband and CVFiber announce a preliminary plan to join the two Communications Union Districts (CUDs). The proposed merger would unite resources, experience, expertise, and a shared commitment to deliver exceptional high-speed internet services to their collective 71 communities. Working together, they will be better able to support digital equity, economic growth, and community development across the Northeast Kingdom and Central Vermont.

In a surprise turn of events, CommScope will pay $45.1 million to purchase the cable assets of Casa Systems. It had previously seemed that Vecima Networks would snag these assets from Casa's bankruptcy proceeding. But on May 29 CommScope entered the winning bid through a bankruptcy auction. A sale hearing is scheduled with the U.S.

T-Mobile has agreed to acquire substantially all of UScellular’s wireless operations. This includes UScellular’s wireless customers and stores, as well as certain specified spectrum assets. Upon closing, T-Mobile’s leading 5G network will expand to provide millions of UScellular customers, particularly those in underserved rural areas, a superior connectivity experience, moving from a roaming experience outside of the UScellular coverage area to full nationwide access on the country’s largest and fastest 5G network.

AT&T CEO John Stankey touted open access fiber networks, giving several examples of how they could be structured to benefit AT&T. AT&T is partnering with BlackRock for an open access joint venture called Gigapower. The JV is building networks outside of AT&T’s footprint. It already has fiber builds in progress in parts of Arizona, Florida, Minnesota, Nevada, New Mexico, North Carolina, Pennsylvania and South Carolina.

John Greene, former CEO of New Lisbon Holdings, said, “Who would have ever thought we’d see private equity filter into rural areas and small companies?” Rural broadband is very expensive to build. That’s why the Broadband Equity, Access and Deployment (BEAD) program is designed to subsidize the gap where it otherwise doesn’t make financial sense for private companies to build. Panelists at the Connect(X) show noted that one of the main competitors in some rural areas is the local electric co-op. Greene said rural electric co-ops “are going to be a force to be reckoned with.