FCC Bureau Clears CSL's Planned Buy of PEG Bandwidth
Communications Sales & Leasing's planned buy of PEG Bandwidth was approved by the FCC's Wireline Bureau Tuesday. Related communications license transfers were granted after no oppositions were filed, said a public notice in docket 16-31. The transaction already had gained…
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antitrust clearance (see 1603020028). CSL, a real estate investment trust, is paying $409 million to buy PEG Bandwidth's equity interests from affiliates of Associated Partners, the companies said in January, announcing the deal, which they expected to close in April. PEG Bandwidth provides infrastructure including cell site backhaul and dark fiber for telecom carriers and enterprises and has a fiber network of more than 300,000 miles, said a release.