EQT Infrastructure

Company Overview

Recent Activity

• AcquisitionNov 17, 2017

  Lumos Networks Completes Sale to EQT Infrastructure

  Lumos Networks Corp. has completed its sale to EQT Infrastructure for $18.00 per share in cash. As a result, Lumos Networks' stock was delisted from the NASDAQ.

• EarningsNov 8, 2017$950M

  Lumos Networks Reports Third Quarter 2017 Results, Announces FCC Approval for EQT Transaction

  Lumos Networks reported its third quarter 2017 financial results, showing a year-over-year increase in total revenue of over 7% and data revenue up nearly 15%. The company also announced it has received FCC approval for its acquisition by EQT Infrastructure, with the transaction expected to close by the end of November 2017.

• EarningsAug 7, 2017

  Lumos Networks Reports Second Quarter 2017 Results

  Lumos Networks announced its second quarter 2017 financial results, reporting over 7% year-over-year growth in total revenue to $56.4 million and nearly 15% growth in data revenue to $35.5 million. The company also noted that its acquisition by EQT Infrastructure is expected to close within the next 90 days.

• AcquisitionMay 24, 2017

  Lumos Networks Stockholders Approve Merger Agreement With EQT Infrastructure

  Lumos Networks stockholders approved the merger agreement with EQT Infrastructure at their annual meeting on May 24, 2017. Over 99% of the shares voted were in favor, representing approximately 81% of outstanding shares. The transaction is expected to close in Q3 2017, with stockholders receiving $18.00 in cash per share.

• EarningsMay 8, 2017

  Lumos Networks Reports First Quarter 2017 Results

  Lumos Networks announced its first quarter 2017 financial results, reporting total revenue of $54.9 million, an increase of over 8% year-over-year. The company also noted a nearly 17% increase in data revenue and highlighted fiber infrastructure growth, including expansion into North Carolina.

• EarningsMar 7, 2017$950M

  Lumos Networks Corp. Reports Full Year 2016 Results

  Lumos Networks reported its full-year 2016 results, showing over 1% total revenue growth and over 8% data revenue growth. The company also announced a definitive agreement to be acquired by EQT Infrastructure for approximately $950 million, expected to close in Q3 2017.