Market Overview

EdR Buys 10% Stake in Elauwit Networks

EdR (NYSE: EDR) announced it was providing additional
details on its previously communicated purchase of a 10% interest in
Elauwit Networks — an industry-leading provider of Internet access,
high-definition video and telephone service. While the initial
investment for this minority interest was nominal for EdR, it provides a
variety of potential benefits including reduced network operating costs
along with opportunities to create innovative enhancements and generate
ancillary income.

“Our equity investment in Elauwit will secure reliable and superior
technology services for the No. 1 amenity desired by our residents,
whose internet and bandwidth consumption grows every day,” said

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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