Contact: Mark Fefer, Marketing Communications, 206.757.8583 or markfefer@dwt.com
MAY 1, 2020 – Davis Wright Tremaine LLP congratulates its client, Northwest Fiber d/b/a Ziply Fiber, on its acquisition of operations and assets of Frontier Communications in the Pacific Northwest. DWT represented Ziply in securing all required state and local regulatory approvals required to consummate the transaction, which will position the company to deliver high-speed broadband service to roughly a half-million customers across Washington, Oregon, Montana, and Idaho.
"We are thrilled to see this deal close today and delighted to have been able to help our client navigate the complex regulatory landscape in which this innovative broadband provider will now operate," said Mark Trinchero, a partner in the communications practice group of Davis Wright Tremaine and co-lead on the client team.
The transaction, which was first announced last year, is valued at $1.352 billion, with an additional $500 million being invested in network and service improvements for a total commitment of approximately $2.0 billion. Ziply Fiber, based in Kirkland, Wash., is backed by global private investment firm Searchlight Capital Partners, LP, and numerous other investors.
"The regulatory challenges presented by this kind of forward-thinking deal are always complex and we’re very glad to have a team with the depth of expertise to pave the way," said K.C. Halm, also a partner in Davis Wright Tremaine’s communications practice. "At a time when connectivity has become more essential than ever to the national economy, it’s a privilege to help leading clients like Ziply bring the benefits of fast, reliable Internet to more consumers."
Led by Halm and Trinchero, the team of Davis Wright Tremaine professionals on both coasts that secured approvals for the deal includes Dan Reing, Alan Galloway, Heather Moelter, Ashlee Aguilar, Alicia LeDuc, and Ryan Appel.
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Davis Wright Tremaine LLP is a national law firm with more than 550 lawyers representing clients based throughout the United States and around the world. For more information, visit www.dwt.com.