There was some fiber M&A earlier this week that slipped past my nets. Conterra, which is majority-owned by Court Square Capital, has announced the acquisition of two regional fiber operators: Detel and Broadplex.
The map to the left is from Detel, which operates a regional network in and around the state of Louisiana. But I can’t find anything much about Broadplex outside of the acquisition press release, which says they do much the same thing in North Carolina. Combined as one entity, the three networks add up to a pretty substantial fiber footprint stretching 5,200 route miles and serving more than 3,500 on-net locations nationwide.
Not many may remember, but Conterra CEO Steve Leeolou was actually one of the very first direct interviews done here on Telecom Ramblings, way back in the Spring of 2009 talking about both wireless backhaul and E-Rate. I wonder whether Conterra and Court Square Partners have ambitions for further M&A of this sort.
Terms of the deal were not disclosed. The management teams and employee bases will join Conterra, helping with their regional coverage by putting more feet on the ground in both the Southeast and along the Gulf Coast.
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Categories: Fiber Networks · Mergers and Acquisitions · Metro fiber
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