Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
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Stonepeak’s $2.7bn LATAM digital infrastructure takeover completes as Lumen exits Cirion
AustralianSuper, Australia’s largest pension fund, has invested alongside Stonepeak in the transaction.
By João Marques Lima
Founder and Editor, The Tech Capital
3 Mins
August 01, 2022 | 10:59 PM BST
Lumen's LATAM Regional President, Facundo Castro, who is now the new CEO of Cirion. Source: Cirion
Lumen Technologies (NYSE: LUMN) has officially closed the sale of its Latin American operations to alternative investment firm Stonepeak for US$2.7 billion cash.
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