**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in Q2 2015.**
Lightower Fiber Networks has completed its $1.9 billion acquisition of Fibertech Networks.
The purchase roughly doubles the Lightower service area, which now covers the Northeast, mid-Atlantic and the Midwest – covering 40 percent of the U.S. population. The new Lightower network offers more than 30,000 route miles of fiber, providing access to more than 15,000 service locations, including 250 data centers; more than telco hotels and central offices; 40 financial exchanges; and more than 5,000 wireless towers.
“This strategic merger was a natural fit for both networks and both companies,” said Rob Shanahan, president & CEO of Lightower. “Both companies have deep roots in customer-first cultures, which are reflected in service that is second to none in our industry.”
Lightower, whose network supports business-critical applications, serves thousands of customers that include wireless and wireline carriers, as well as businesses in a wide range of verticals. The company offers Ethernet, dark fiber, wavelengths, Internet access private networks, colocation and more.
The nearly $2 billion transaction was paid for through a combination of equity and debt.
The Fibertech buy isn’t Lightower’s only merger activity this year; it announced its acquisition of ColocationZone – an enterprise-class data center provider in Chicago – in March.
Lightower’s partner program consists of agents, VARs, consultants, integrators, wholesalers and more. They can sell the full suite of Lightower products and services, including regional network density, commercial building and data center access.
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February 15 2019 @ 14:45:26 UTC