Lightstorm Group acquires RTI subsea cable assets in the Pacific
Type: Acquisition · Technology: Telecom · Country: United States · Announced: 2024-01-25
Lightstorm Group (owned by I Squared Capital) signed asset purchase agreements to acquire the RTI-owned JGA-North cable and material portions of the JGA-South and SEA-US subsea cable systems connecting the US, Guam, Japan and Australia, with deals set to close later in 2024 pending regulatory approval.
Counterparties
- RTI (assets managed by court-appointed receivers in Delaware and Singapore) (Seller)
- Lightstorm Group (Buyer)
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