NorthState, Lumos Networks form new company with backing of EQT Infrastructure of Stockholm bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
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-ou