In September 2021, Cincinnati Bell Inc. and its subsidiaries, including Hawaiian Telcom, were acquired by Macquarie Infrastructure Partners (MIP). Macquarie is a global financial services group operating in 31 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, investment banking and principal investment.
With Macquarie's investment, we’ll be in an even stronger position to bring technology to life in new and exciting ways and to build fiber even more aggressively throughout the state and region. In Hawai‘i, an expanded next-generation fiber network will help to narrow the digital divide by enabling Hawaiian Telcom to deliver broadband service to more local consumers and businesses.
Hawaiian Telcom remains dedicated to technology, community, and customer service as top priorities. We work to benefit the community we call home and to serve all our neighbors.
For more information about Macquaire, please visit macquarie.com.
MIP exhibits deep telecommunications expertise and a strong track record of investing in capital intensive businesses, which will be critical as we deliver on our strategy to drive next generation, integrated communications through an expanded fiber network as well as our IT services platform. We firmly believe this transaction will allow us to enhance our services and drive long-term value for our customers in Hawaii, Ohio, Kentucky, and Indiana, and across North America.
We exist to connect and empower the residents and businesses of Hawai‘i and this transaction enables us to do just that. With MIP’s support, we can accelerate our transformation into a fiber and technology company by significantly expanding our fiber network and helping to bridge the digital divide here in Hawai‘i.