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28.04.26 - 12:03
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O2 Invests in and Partners with Steffl Drilling & Pump (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--#O2Investment--O2 Investment Partners (www.o2investment.com) announced today that it has partnered with Steffl Drilling & Pump (“Steffl” or the “Company”) (www.waterwelldrilling.com) and the Steffl family, to support the company's rapid growth. Terms of the investment were not disclosed.
Steffl Drilling & Pump was founded in 1978 in Minnesota by Mike Steffl and Roxy Steffl. In 2018, their son, Sam Steffl, joined the business, continuing the family's leadership and accelerating the Company's growth trajectory. Steffl is a leading provider of water well drilling and repair services committed to quality, service, and reliability for municipal, agricultural, commercial, and residential customers. The Company services the full lifecycle of water wells including repair, replacement, maintenance, and new well installation. In addition, the Company services PFAS-related remediation and geothermal projects. Since inception, Steffl has developed a reputation for quality work...
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14.04.26 - 14:06
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Pericles Capital Acts as Lead Financial Advisor to U.S.-Led Consortium in Acquisition of Movistar Mexico (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Pericles Capital acted as the lead financial advisor to the investor consortium led by OXIO Inc. and Newfoundland Capital Management in their landmark agreement to acquire Movistar Mexico from Telefónica S.A. (BME: TEF).
Securities services for Pericles Capital in connection with this transaction were offered through Seaport Global Securities LLC.
This pioneering transaction represents a major milestone in the evolution of the global telecommunications industry. The acquisition positions Movistar Mexico, which currently serves over 20 million subscribers, to transform into a next-generation, digitally driven operator. Central to this transition is the integration of OXIO's Telecom-as-a-Service (TaaS) platform, a cloud-native architecture that will modernize systems, enhance operational agility, and unlock new AI-enabled data opportunities.
Key Highlights of the Transaction:
Strategic Transformation: Movistar Mexico will transition to a cloud-native operating model powered by O...
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08.04.26 - 03:18
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U.S.-Led Consortium Agrees to Acquire Movistar Mexico to Build the Country′s Next-Generation Telecom Operator, Powered by OXIO′s Telecom-as-a-Service Platform (Business Wire)
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Transaction positions Movistar Mexico to accelerate its transformation into a digitally driven operator while continuing to serve customers under the Movistar brand and with its existing leadership team
Movistar Mexico to continue operating under the Movistar brand and the existing leadership team
OXIO's Telecom-as-a-Service platform will support the company's transition to a cloud-native, digitally driven operating model
The transaction remains subject to closing conditions between the parties and customary regulatory approvals
NEW YORK--(BUSINESS WIRE)--OXIO Inc. and Newfoundland Capital Management today announced that a U.S.-investor consortium, led by both parties, has entered into an agreement to acquire Movistar Mexico from Telefónica S.A. (BME: TEF), the Madrid-listed global telecommunications company. The transaction positions Movistar Mexico for its next phase of growth, with OXIO's Telecom-as-a-Service platform supporting its transition to a more agile, cloud-native, and digitally driven o...
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