Cooper-owned Quintillion buys assets of Arctic Fibre
Quintillion Subsea Holdings LLC recently acquired the assets of Arctic Fibre, the Canadian developer of a telecommunications network between Asia and Europe via Canadian and Alaskan Arctic waters. No financial terms were released. Quintillion, which is majority-owned by U.S. private equity firm Cooper Investment Partners, said the acquisition of Toronto-based Arctic Fibre will result in the construction of the submarine fibre optic cable system over three phases. Once built, Quintillion will own and operate the network.
30 May 2016•2 mins read
