The middle of the country saw a bit of fiber consolidation today. Great Plains Communications has entered into an agreement to buy Pinpoint Network Services and Pinpoint Broadband from Pinpoint Holdings. The deal will further boost Great Plains Communications’ expansion within the region.
Pinpoint operates a regional longhaul route between Chicago and Denver as well as regional and metro fiber networks along and adjacent to that route, especially in Nebraska. Their sister company, FiberLink, which also ran fiber on that route, was bought by Zayo two years ago.
For its part, Great Plains Communications has long focused on Nebraska, but in 2015 began to expand aggressively into adjacent markets. They started off the year with an expansion to the west through Cheyenne into Denver, then moved on to South Dakota and Minnesota to the north, then in October moved into Iowa to the east and Kansas City to the south.
The acquisition of Pinpoint gives their expansion a definite inorganic component, giving them even more to work with to the east and west. Whether they have more in mind is another question.
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Categories: Fiber Networks · Mergers and Acquisitions
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Does the acquisition include that Chicago to Denver route or only the Spurs they have built off of it?
It also includes their Omaha metro. As to the rest of the assets, the details were not specified.
It does Include DEN-CHI leg. But, Pinpoint has retained much of their network.