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Ex Blackhawks player participates in assault investigation
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With Daniel Lippman
Edelman has acquired strategic consultancy Basilinna as the firm looks to grow its international presence even further.
Deborah Lehr, Basilinna’s chief executive, will run the newly launched
Edelman Global Advisory as managing partner and CEO. The new venture will incorporate Basilinna’s specialization in China and Middle East markets. Basilinna’s
Leigh Wedell and Edelman’s
Gurpreet Brar will round out EGA’s leadership team as co-chief operating officers and managing principals, helping oversee a $10 million investment from Edelman for hiring and expanding into new markets to advise governments, businesses and nonprofits.
Special to The News-Star
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Lumen Technologies announced it has entered into a definitive agreement to sell its incumbent local exchange carrier business, also known as ILEC business, including its consumer, small business, wholesale and mostly copper-served enterprise customers and assets, in 20 states including Louisiana.
Lumen made the sale to funds managed by affiliates of Apollo Global Management, Inc. for $7.5 billion. The deal includes debt assumption of approximately $1.4 billion, and is subject to working capital and various other purchase price adjustments.
Under the terms of the transaction, Lumen will retain its ILEC assets in 16 states, as well as its national fiber routes and competitive local exchange carrier networks, also known as CLEC networks.
Lumen to sell local incumbent carrier operations in 20 states to Apollo Funds for $7 5 billion
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