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Cox Communication buys Segra's business communication unit - Triad Business Journal

Cox Communication buys Segra's business communication unit - Triad Business Journal
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Cox in talks to snap up Segra's enterprise unit - report

Cox Communications is in advanced talks to acquire the enterprise business of fiber provider Segra from EQT in a deal that could be valued at more than $3 billion, including debt,
Bloomberg reported.
The deal, which could be announced as early as this week, is likely to combine the Segra unit with Cox Business, the report added, noting that Charlotte, North Carolina-based Segra intends to hold onto its residential business.
Segra, formed by EQT through the combination and rebranding of Lumos Networks and Spirit Communications, operates about 1 million fiber-strand miles and 30,000 fiber-route miles stretching from Georgia to Pennsylvania, with a focus on SONET, IP, Ethernet and dark fiber architectures. The company also touts 10,400 on-net locations and nine data centers, but doesn t break out what portion is tied to its enterprise and residential businesses. ....

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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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EQT Infrastructure to sell Segra Commercial Services Business

EQT
Tue, Apr 27, 2021 18:00 CET
EQT Infrastructure to sell Segra’s Commercial Services Business, a leading fiber-based provider of bandwidth services to commercial enterprise and wholesale carrier customers in the Mid-Atlantic and Southeast regions of the U.S., to Cox Communications
EQT Infrastructure to retain Segra’s residential and SMB business, where EQT Infrastructure has strengthened its commitment to support the business’ next phase of growth

Segra was created by EQT Infrastructure through the combination of three geographically contiguous businesses into a super-regional fiber infrastructure provider with an enhanced product portfolio and improved service capabilities
During EQT Infrastructure’s ownership, Segra experienced substantial growth and margin expansion through its investment in both new and existing markets, strategic add-on acquisitions and other operational initiatives ....

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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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