Everstream Receives Court Approval for $384.6M Sale to Bluebird Fiber

Everstream, a business-only fiber network, has received court approval for the sale of its operations to Bluebird Fiber for $384.6 million. The sale follows a robust auction process and is expected to complete by year-end, subject to closing conditions and regulatory approvals. The deal will strengthen Bluebird's ability to deliver world-class network solutions for years to come. Everstream CEO Ken Fitzpatrick and Bluebird CEO Jason W. Adkins expressed their excitement for the transaction, highlighting the complementary nature of the two businesses and their shared commitment to speed and reliability.

Bluebird Fiber has received court approval for the sale of its operations to Bluebird Fiber for $384.6 million. The acquisition follows a robust auction process and is expected to complete by year-end, subject to closing conditions and regulatory approvals. The deal will significantly bolster Bluebird's ability to deliver world-class network solutions for years to come.

The acquisition of Everstream, a business-only fiber network, aligns with Bluebird Fiber's strategic expansion plans. The complementary nature of the two businesses, as highlighted by Everstream CEO Ken Fitzpatrick and Bluebird CEO Jason W. Adkins, underscores the potential synergies and shared commitment to speed and reliability. This strategic move positions Bluebird Fiber as a strong contender in the business fiber network market.

Everstream's extensive network infrastructure and expertise in providing high-speed, reliable internet services will be integrated into Bluebird Fiber's operations. This acquisition will not only expand Bluebird Fiber's reach but also enhance its service offerings, making it more attractive to businesses seeking robust and dependable internet solutions.

The transaction is expected to have minimal impact on Everstream's operations during the transition period. Both companies have expressed their commitment to a smooth integration process, ensuring minimal disruption to existing clients.

The acquisition is part of Bluebird Fiber's broader strategy to enhance its fiber network operations, as seen in its recent acquisition of Ziply Fiber [1]. This acquisition, valued at C$5.0 billion (U.S. $3.65 billion) in cash, along with the assumption of C$2.6 billion in net debt, expanded BCE's fiber footprint into the U.S. Pacific Northwest, immediately adding 1.4 million locations to its network.

Bluebird Fiber's focus on providing high-speed, reliable fiber internet services is evident in its commitment to security and customer support. The company prioritizes robust security measures and offers excellent customer support, ensuring its clients' data stays safe and their needs are met promptly.

With the acquisition of Everstream, Bluebird Fiber is set to strengthen its market position and deliver even more value to its clients. The deal is expected to close by year-end, subject to regulatory approvals, and will be a significant milestone in Bluebird Fiber's growth trajectory.

References:
[1] https://www.gurufocus.com/news/3027113/bce-completes-acquisition-of-ziply-fiber-accelerating-its-fibre-growth-strategy-bce-stock-news
[2] https://bluebirdfiber.com/what-to-consider-when-choosing-an-internet-provider/