Telxius Acquisition, Valuation, Funding & Investors

FirstEnergy Transmission is an Akron-based holding company for interstate transmission assets under FirstEnergy Corp. It owns American Transmission Systems, Mid-Atlantic Interstate Transmission, and Trans-Allegheny Interstate Line, operating 24,000 miles of high-voltage lines. The unit delivers 30,000 MW capacity across PJM and MISO markets in 10 states.

Aecon Utilities Group provides utility infrastructure solutions in Canada across electrical transmission and distribution, renewables and in-home services, telecommunications, and pipeline distribution.

QGC is an Australia-based natural gas company focused on coal seam gas exploration and production in the Surat and Bowen Basins of Queensland. The firm operates 16 pilot wells and extensive appraisal programs supplying gas to domestic power stations and the Curtis Island LNG export facility near Gladstone. QGC processes raw gas through compression and treatment plants before pipeline transmission, converting reserves into liquefied natural gas for markets in Asia. Acquired by Shell in 2009, it contributes significantly to Queensland's energy sector with over 1,500 production wells developed.

KT is South Korea's largest fixed-line telecom operator, with around 11.5 million fixed-line broadband customers and 9.5 million IPTV customers, and is the second-largest wireless operator with 28 million subscribers. Additionally, it has a number of nontelecom businesses, including real estate, payment processing, artificial intelligence, and IDC/cloud services, many of which are the focus of its growth strategy. The company was formed from the previously government-owned, monopoly telecom business and was listed in 1998. After selling its mobile business in 1994 (forming its mobile competitor, SK Telecom), KT created its own mobile operator in 1997.

TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026, taking full ownership of these assets. TIM also resells fiber network access from other providers.

Sigenergy Technology Co Ltd focuses on developing cutting-edge all-scenario energy solutions, with products ranging from energy storage systems to solar inverters and EV chargers. Its Products are SigenStor, Sigen LoadHub, SigenMicro Inverter, SigenStor EV DC, Sigen EV AC Charger, mySigen App, and Sigen Cloud. The business encompasses the research, development, application, production, and sales of renewable energy solutions, including photovoltaic inverters.

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia and totals over 40 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners and Brookfield Renewable Corp.

Lancium Technologies is a Houston-based developer of data centers optimized for renewable energy integration. The company deploys distributed computing infrastructure at wind and solar farms in Texas, absorbing excess power to perform high-performance calculations. Lancium operates facilities like the 100 MW Pecos Valley site, partnering with utilities to stabilize grids and monetize curtailment periods.

Hyundai Oilbank is a Seoul-headquartered petroleum refiner in South Korea. The company operates the Daesan refinery complex, producing gasoline, diesel, jet fuel, lubricants, and petrochemicals like benzene and paraxylene. It supplies fuel to domestic automotive, aviation, and industrial sectors while exporting refined products to Asia and the United States. Hyundai Oilbank invests in clean fuel technologies, including low-sulfur marine fuels and renewable diesel blends.

Fiberhome Telecommunication Technologies Co Ltd is a China-based company engaged in the manufacture and sales of communication equipment. Its main products include communication system equipment, optical fibers, cables and data networking products, such as the optical networking products, Internet protocol (IP) data products, broadband access products, optical fibers and cable products, wireless communication products and power supplies, as well as the optoelectronic devices. The company mainly distributes its products in domestic and overseas markets.

Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy assets that service Antero Resources' production and completion activity in the Appalachian Basin, located in West Virginia and Ohio. The company has two operating segments: the Gathering and Processing segment, which includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio, and the Water Handling segment, which includes two independent systems that deliver water from sources including the Ohio River, local reservoirs, and several regional waterways. The company derives a majority of its revenue from the Gathering and Processing segment.

Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. Its operating companies supply telecommunications providers with a comprehensive portfolio of specialty services, including program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services and provide underground facility locating services for various utilities, including telecommunications providers, and others. It also provides a range of construction, maintenance, and installation services, including the placement and splicing of fiber, copper, and coaxial cables. It provides services throughout the United States.

REC Ltd is a non-banking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. It comprises only one business segment-lending to power, logistic and infrastructure sector. The majority of its revenue derives from long-term financing.

DriveNets is a Ra'anana-headquartered provider of cloud-native IP routing software for telecommunications networks. The company delivers Network Cloud, a disaggregated platform that runs on standard white box servers with merchant silicon, supporting core routing, peering, and edge aggregation. Founded in 2015, DriveNets enables service providers to scale networks beyond 100Tbps per site while reducing costs through open hardware. Its solutions deploy in production for operators like BT in the UK, Telefónica in Spain, and Vivo in Brazil, handling millions of subscribers across five continents. DriveNets integrates with standards such as BGP, EVPN, and Segment Routing, powering 5G, cloud interconnect, and internet exchange points.

Forgent Power Solutions Inc designs and manufactures electrical distribution equipment for data centers, the power grid, and industrial facilities. Its offerings include automatic transfer switches, transformers (dry type and liquid filled), electrical houses, generator connection cabinets, panelboards, switchboards, switchgear, power distribution units, power skids, remote power panels, and tap boxes.It specializes in manufacturing Custom Products and Powertrain Solutions for technically demanding applications, including data center power distribution, utility substations and energy-intensive manufacturing. The majority of the company's revenue is derived from custom products designed for specific projects with significant engineering consultation.

Indus Towers Ltd Ltd is a telecommunications tower infrastructure service provider. The company deploys, owns, and manages telecom towers and communication structures for mobile operators. The company acquires and builds towers, while also owning and operating telecom towers and related infrastructure. The company generates revenue through a rental fee to tenants of mobile towers. Energy costs such as electricity and fuel charts are usually passed through to tenants. The company generates the vast majority of its revenue in India. The company's assets are located in India and are often ground-based and rooftop towers.

Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.

PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.