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EQT Strengthens Commitment to Segra's Residential and SMB Business

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 accel ....

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Cox Acquires Regional Fiber Operator Segra

Cox Acquires Regional Fiber Operator Segra
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Home » Cox Acquires Regional Fiber Operator Segra
Cox is acquiring Charlotte, North Carolina-based regional operator Segra from private equity firm EQT Infrastructure, the company announced today. Segra operates a fiber network across nine states in the mid-Atlantic region and has roots in the independent telco sector.
Segra’s 30K mile fiber network has over 10K on-net locations and connectivity to over 7K wireless towers. The company also operates 9 data centers and owns two local operators, North State and Lumos. The Cox deal does not include the North State and Lumos properties. ....

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Lumos Networks Corp. (via Public) / EQT Strengthens Commitment to Segra's Residential and SMB Business

Lumos Networks Corp. (via Public) / EQT Strengthens Commitment to Segra's Residential and SMB Business
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Virginia Telecommunication Initiative Awards $1.36 Million Grant to Lumos and Botetourt County to Expand Fiber in Botetourt County

548 New Addresses Including 30 Businesses Part of Fiber Expansion Project
BOTETOURT COUNTY, Va.–(BUSINESS WIRE)–The Virginia Telecommunication Initiative (VATI) has awarded a grant of $1,364,337 to Lumos and Botetourt County to assist with the expansion of fiber in Botetourt County. The grant will be used as part of a project to install fiber to provide high-speed internet to 548 new addresses, including 30 businesses. Approximately 52% of the cost of the project is being funded by the VATI grant, and the remainder will be contributed in partnership with Lumos, a premier provider of fiber broadband internet, and Botetourt County.
“This expansion makes it possible for more people in Botetourt County to have fast, reliable fiber internet, which has become a necessity because so many of us are working and learning from home. We are very much looking forward to this new project and excited to bring fiber optic broadband to more households in Botetourt County,” said Die ....

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