Home By PE Sector Buyout Apollo to buy Lumen’s ILEC business for $7.5bn, 5.5x adjusted EBITDA

Apollo to buy Lumen’s ILEC business for $7.5bn, 5.5x adjusted EBITDA

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August 4, 2021

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Global buyout major Apollo Global Management has agreed to back part of the incumbent local exchange carrier business of

Technology partner