Reuters - Providence Equity Partners In Running for NextGen

U.S. buyout firm Providence Equity Partners is among suitors advancing to the second round of bidding for Leighton Holdings' Australian fibre-optic network NextGen, sources said, in a deal some analysts see fetching between A$625 million and A$870 million ($657 million-$910 million). Leighton, controlled by Spain's ACS, is selling the inter-city fibre-optic business NextGen and two smaller data businesses Metronode and Infoplex to pay down debt.

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