Davis Wright Tremaine Plays Key Role in Roughly $2B Broadband Acquisition
Davis Wright Tremaine LLP congratulates its client, Northwest Fiber d/b/a Ziply Fiber, on its acquisition of operations and assets of Frontier Communications in the Pacific Northwest. DWT represented Ziply in securing all required state and local regulatory approvals required to consummate the transaction, which will position the company to deliver high-speed broadband service to roughly a half-million customers across Washington, Oregon, Montana, and Idaho.
The transaction, which was first announced last year, is valued at $1.352 billion, with an additional $500 million being invested in network and service improvements for a total commitment of approximately $2.0 billion. Ziply Fiber, based in Kirkland, Wash., is backed by global private investment firm Searchlight Capital Partners, LP, and numerous other investors.
Led by Halm and Trinchero, the team of Davis Wright Tremaine professionals on both coasts that secured approvals for the deal includes Dan Reing, Alan Galloway, Heather Moelter, Ashlee Aguilar, Alicia LeDuc, and Ryan Appel.