Blackstone Is Said in Talks for Hotwire Communications Stake (1)

Blackstone Group Inc. is in talks to acquire a stake in Florida-based fiber network company Hotwire Communications, according to people familiar with the matter.

Blackstone plans to make the investment via its infrastructure and tactical opportunities funds, said one of the people, all of whom asked not to be identified as the details aren’t public. A potential deal would give Blackstone ownership of about 50% the company, one of the people said.

No investment has yet been finalized and it’s possible deal talks could fall apart, the people said,

A Blackstone representative declined to comment. A spokesperson for Fort ...