GTCR merges fibre operators Point Broadband and Clearwave
US fibre operators Point Broadband and Clearwave have agreed a merger. Together they will serve small towns in 12 states, with over 500,000 premises passed. The agreement will see Point acquire Clearwave Fiber, excluding its assets in Southern Illinois which are already being acquired by Metro Communications. The private equity firms GTCR and Berkshire Partners, as well as the operator Cable One, will continue as shareholders and support further expansion of the company, both organic and through takeovers.