Fusion Wraps Birch Cloud Buy, Divests Carrier Services
Fusion closed a $600 million buy of cloud and business service assets from Birch Communications, Fusion announced Monday. The cloud deal included 50 million shares of Fusion stock and refinancing of $444 million of Birch indebtedness, Fusion said. The buyer…
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said it completed a planned divestiture of all interests in its carrier services business, leaving cloud and businesses services as its sole focus. Fusion didn't disclose divestiture details but will say more in an SEC filing later this week, a spokesman said.