Antin takes majority stake in American company OpticalTel


Released on December 5. 2022 at 7:40 AM

PARIS (Agefi-Dow Jones)—Private equity firm Antin Infrastructure Partners announced Monday the acquisition of a majority stake in Florida-based broadband fiber optic provider OpticalTel. The amount of the transaction was not disclosed.

Opticaltel is Antin’s sixth investment through its “mid-cap” fund.

OpticalTel founder Mario Bustamante will retain a stake in the company and will be a member of the board of directors. Antin Infrastructure Partners said in a statement that the company’s chief executive, Luis Rodriguez, will continue to lead.

The transaction is expected to close in early 2023, subject to customary regulatory approvals.

-Pierre-Jean Lepagnot, Agefi-Dow Jones +33 (0)1 41 27 47 95; [email protected] Edition: VLV

Agefi-Dow Jones The Financial News

Dow Jones Newswires

December 05, 2022 01:40 ET (06:40 GMT)

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