Asia Digest: Australia's Uniti to buy LBNCo for $68m; Japan's J-Star sells Tokai Trim

Asia Digest: Australia's Uniti to buy LBNCo for $68m; Japan's J-Star sells Tokai Trim

Photo: REUTERS/Beawiharta

Australia-listed Uniti Group is close to acquiring fiber-optic network provider LBNCo for A$100 million ($68 million), while in a separate development, Japanese PE firm J-Star is exiting Tokai Trim.