UAE investor spends half a billion dollars on US fibre

Mubadala Investment Company is ploughing US$500 million into Brightspeed as part of a move to expand its portfolio globally.
The United Arab Emirates-based investor will take an unspecified minority stake in the US fibre builder, alongside Apollo Global Management, which bought Brightspeed and gave it its current name 18 months ago.
Brightspeed, which started life as an incumbent local exchange carrier (ILEC) business with operations across 20 states mainly in the Midwest and Southeast of the US