Axia affiliate proposes buy of French fibre network operator
Covage SAS, an affiliate of Axia NetMedia Corp (TSX: AXX), has submitted an offer to acquire Tutor Group, a fibre network owner and operator in France. No financial terms were disclosed for the deal, which is expected to close in the fall. Calgary-based Axia, an owner, operator and seller of services over fibre optic communications infrastructure, expects its own acquisition by Swiss private equity firm Partners Group to close on or about July 29, 2016. That deal, announced in March, will see Partners Group take the company private for $272 million.
22 July 2016•5 mins read
