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EQT Strengthens Commitment to Segra’s Residential and SMB Business
April 27, 2021 GMT
WAYNESBORO, Va.--(BUSINESS WIRE)--Apr 27, 2021--
Segra’s residential and small-to-medium sized business (SMB) business, operating under the Lumos Networks and NorthState brands, today announced a strengthened commitment to its fiber-to-the-premise (FTTP) strategy. As part of the announced sale of Segra’s commercial business to Cox Communications, EQT Infrastructure will retain ownership of the Lumos Networks and NorthState operations and support it as a stand-alone company.
Diego Anderson, Senior Vice President and General Manager of the operations, will serve as Chief Executive Officer of the new company, leading a growing team of dedicated employees focused on serving existing customers while also capturing new market growth opportunities. The company plans to significantly accelerate its build-out of fiber in many underserved areas of Virginia, North Carolina, and other markets throughout the region.