In a bit of consolidation news earlier this week, the cable operator Cox Communications announced plans to put its metro and regional fiber investments under one roof. To do that they will be acquiring that part of Unite Private Networks they don’t already own.
Cox bought a significant stake in UPN 7 years ago. And since that time it has kept the company on a path of organic expansion. By taking full control of the company now, however, they can merge the assets and operations with Segra, which they bought from EQT just two years ago after building it from the assets of Lumos and Spirit.
Combined the companies’ footprints will span much of the east coast, the Midwest, and the desert Southwest. Segra CEO Kevin Hart will lead the combined company, while UPN CEO Jason Adkins will take on the role of President. There will likely be substantial consolidation work at the operations level, but in terms of network infrastructure there’s not all that much direct overlap.
But in the meantime, UPN also announced a new metro fiber buildout. They will be expanding into Las Cruces NM with 55 route miles of new fiber. The expansion will bring 2,433 serviceable locations throughout the city within range, with connectivity back to UPN’s PoP in Albuquerque.
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Categories: Mergers and Acquisitions · Metro fiber
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