A nice chunk of fiber infrastructure has changed hands out in the Midwest. Yesterday, Segra and Everstream announced the acquisition of Everstream’s St. Louis footprint by Segra, which is owned by Cox Communications.
For Everstream, the deal represents a consolidation and rationalization of its own reach back into the Rust Belt portion of the Midwest where it has much greater scale. They had just entered the Missouri five years ago with the acquisition of Arch Fiber Networks, and invested in a significant expansion over the next few years.
The deal adds some 1,000 route miles of fiber to Segra’s presence in the Midwest. Segra has been busy integrating the assets of Unite Private Networks, with which it merged last year. The St. Louis depth fits right into that picture, anchoring the eastern flank of those assets and bringing them one step closer to the southeastern side of things.
One can’t help but notice that Everstream’s entire footprint would fit into that picture just as well. I’m sure that has been discussed over the years, but such things only happen when the financial backers on both sides are ready for them to happen. Terms of yesterday’s deal were not disclosed, but Segra will also be bringing onboard Everstream’s employee base in the city.
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Categories: Mergers and Acquisitions · Metro fiber
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