Deals
AboveNet in Play as Fiber Creates 43% Verizon Premium: Real M&A
This article is for subscribers only.
There may never be a better time for AboveNet Inc. to put itself up for sale.
The owner of optical fiber networks that hedge funds, exchanges and social media companies use to send data in cities rose to a record this week on speculation it is looking for buyers. With the most profitable business among its biggest rivals and less debt, White Plains, New York-based AboveNet may command a premium of almost 30 percent to fiber deals struck at