Friday, May 28, 2021

Mobilitie Up For Bid

Newport Beach-based wireless infrastructure provider Mobilitie appears to be up for bid, and is nearing a deal to be acquired for more than $1.3 billion by the Canadian Pension Plan Investment Board (CPPIB), according to Bloomberg. Bloomberg cited "people with knowledge of the matter" for the information. No other details of the private equity deal were detailed, however, apparently CPPIB outbid a number of private equity firms also looking at the deal. Mobilitie provides wireless infrastructure to sports and entertainment venues, including 5G services.