Macquarie fund to invest in US fiber internet provider SwyftFiber

Reuters

Updated 26 October 2023 at 8:30 pm·1-min read

A pedestrian stands near the logo of Australia's biggest investment bank Macquarie Group Ltd which adorns a wall on the outside of their Sydney office headquarters in central Sydney, Australia

(Reuters) -Australia's Macquarie Group said late on Thursday that a fund managed by its asset management arm would invest in U.S.-based telecom services provider SwyftFiber.

Macquarie did not disclose the financial details of the deal, but a person familiar with the matter told Reuters that the asset manager was committing to make a $275 million investment.

SwyftFiber did not immediately respond to Reuters' request for comment on deal details.

The proposed investment will allow SwyftFiber to speed up the construction of fiber infrastructure in existing and new markets, Macquarie said in a statement.

SwyftFiber provides internet and television streaming services to communities in Louisiana, Arkansas and Mississippi, it added.

(Reporting by Sameer Manekar in Bengaluru; additional reporting by Archishma Iyer; Editing by Anil D'Silva and Subhranshu Sahu)

Malay Mail
Thursday, not Tuesday: PM Anwar raps home minister for batik blunder in Parliament
KUALA LUMPUR, July 2 — Prime Minister Datuk Seri Anwar Ibrahim today admonished Home Minister Datuk Seri Saifuddin Nasut...
Malay Mail
Online users make fun of Wan Fayhsal, Radzi for final 5km effort during Syed Saddiq's 200-km run
KUALA LUMPUR, July 1 — Muar MP Syed Saddiq Abdul Rahman took a stand against government inaction in a rather unusual way...
The Telegraph
Prison officer accused of having sex with an inmate on video appears in court
A prison officer allegedly filmed having sex with an inmate in a cell has appeared in court charged with misconduct in public office.
INSIDER
Malaysia's $100 billion ghost town is good for at least one thing: filming documentaries and shows like Netflix's 'The Mole'
Embattled Forest City is a backdrop for a handful of reality shows and documentaries.
Malay Mail
Proton makes cheeky fun of Tesla’s Cybertruck in X50 social media ad (VIDEO)
KUALA LUMPUR, July 2 — Tesla’s Cybertruck has been gaining attention for more than its futuristic design. Various online...
HuffPost
Reporter Reveals 'Real Anger' From Biden White House Aides After Debate
They were "shocked" and felt "they had not been told the truth," said Axios' Alex Thompson.
Malay Mail
With 2.3 million Malaysian adults living with three NCDs, doctors warn of serious public health risks
KUALA LUMPUR, July 2 — The key findings from the newly-released National Health and Morbidity Survey 2023 by the Health...
HuffPost Life
Gastro Doctors Share The 1 Food They Never (Or Rarely) Eat
The experts on gas, bloating, colon cancer and other digestive issues share what they avoid themselves.
Malay Mail
Chinese badminton player, 17, dies after collapsing on court
JAKARTA, July 1 — A 17-year-old Chinese player has died after collapsing on court during an international tournament in...
Malay Mail
Spurned by Perikatan, Ramasamy says ‘time for Urimai to be a political coalition’ in Malaysia
KUALA LUMPUR, July 2 ― The fledgling United Rights of the Malaysian Party (Urimai), an emerging political entity that...
Associated Press
Nepalese spiritual leader ‘Buddha Boy’ sentenced to 10 years in prison for sexual assault on minor
A controversial spiritual leader in Nepal known as “Buddha Boy” has been sentenced to a 10-year prison term Monday for sexually assaulting a minor, court officials said. Ram Bahadur Bamjan — believed by some to be the reincarnation of the founder of Buddhism — was also ordered to pay $3,700 in compensation to the victim by a judge at the Sarlahi District Court in southern Nepal. The man will have 70 days to appeal against the court order, court official Sadan Adhikari said.
The Independent
A pair of siblings were stabbed and the sister’s dying words were that the killer was a man from Detroit. Thirty-four years later, he’s been arrested.
Pamela Sumpter, was raped and stabbed, and her brother John Sumpter was stabbed to death, at their Georgia home on July 15, 1990. Andrea Cavallier reports
Malay Mail
Teh tarik satu, boss? Otters are surprise ‘regulars’ at a Perak mamak (VIDEO)
KUALA LUMPUR, July 2 — Visitors to a mamak eatery in Perak got a furry surprise when a pair of otters dashed into the es...
People
Woman Was Killed by Man Her Mom Had Forced Her to Marry — and Now the Mother Is Convicted
Prosecutors in Australia said Sakina Muhammad Jan forced her daughter to marry a man she didn't want to wed in November 2019, weeks before he killed her
The Independent
Prostitute is fatally strangled then sexually assaulted inside Las Vegas casino by man who said he ‘snapped’
Jason Kendall, 35, is being held without bond in connection to the murder of Larissa Garcia at a Las Vegas casino
Malay Mail
Transport minister: Bus in Genting Highlands crash had expired permit and is over 15 years old
KUALA LUMPUR, July 1 — Transport Minister Anthony Loke today revealed that the bus that crashed in Genting Highlands and...
The Independent
Seven people - including four kids - shot by neighbor who once told them to ‘go back to where they came from’
Motive still being investigated, but shooting ‘could’ have racial element, police say
The Independent
Chinese teenager injured in ‘racially motivated’ attack in New Zealand
The 16-year-old schoolboy was travelling by bus to Auckland City when he was attacked by a woman with a metal bar, police say
Cinema Online
Jiang Zhihao reveals hardship in battling lung cancer
The "Youth with You 3" alumnus says that his condition has worsened since last update
Cinema Online
Bryan Chang and Ouyang Nini are engaged
The couple will finally walk down the aisle after five years

Latest stories