Latham & Watkins Advises Blackstone and Hotwire Communications on Strategic Investment by Brookfield Infrastructure
Hotwire Communications (Hotwire), a pioneering provider of all-fiber broadband and telecommunication services, has announced that Brookfield Infrastructure, a leading global infrastructure investor, has made a strategic investment in Hotwire. Brookfield Infrastructure’s investment reinforces its commitment to digital infrastructure, one of its core investment areas — and will support Hotwire’s long-term growth, including network densification, geographic expansion, and continued innovation in fiber-to-the-home delivery. As part of this investment, Brookfield Infrastructure has entered into a definitive agreement with funds managed by Blackstone to acquire Blackstone’s stake in Hotwire.
Latham & Watkins LLP represented Blackstone and Hotwire Communications in the sale of Hotwire to funds affiliated with Brookfield Asset Management. Hotwire Communications is a pioneering leader in fiber-optic telecommunications, providing high-performance Internet, voice, video, and smart home services since 2002. Headquartered in Florida with operations throughout the US, Hotwire has been recognized as the fastest ISP in the region and is known for its white-glove customer experience and technology.
The Latham team was led by New York partners David Beller, David Allinson, Ed Parhami, and Washington, D.C. partner Matthew Brill. The team also included New York associates Said Bakir, Lachlan Sievert, Abigail Keyes, Mapi Villanueva,* and Haoyu Gu. Advice was also provided on tax matters by New York partner Matthew Dewitz, with associate Shiyi Parsons; on FCC regulatory matters by Washington, D.C. partners Matthew Brill and Elizabeth Park, with associate Michael Herman; on executive compensation and employee benefits matters by Washington, D.C. partner David Della Rocca, with associates Mary Daniel Morgan and Christina Schrantz; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Elizabeth Duncan; on intellectual property matters by Washington, D.C. partner Morgan Brubaker; on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on real estate matters by New York counsel Shira Bressler; on financing matters by New York partners Stephanie Teicher and Graeme Smyth; on HSR antitrust matters by New York partner Katherine Rocco and Washington, D.C. partner David Brenneman and counsel Keith Klovers, with associates Charles McGrath, Ben Sterritt, and Alec Dougherty; and on environmental matters by New York counsel David Langer.
*Admitted to practice in Spain only.