8/17/2023 0 Comments Unite private networks and cox![]() LLC acted as financial advisors and Simpson Thacher & Bartlett LLP acted as legal advisor to Segra in connection with the transaction. Cox Communications plans to fully acquire Kansas City-based Unite Private Networks and combine the company with Charlotte, North Carolina's telecom firm Segra. Bank Street Group LLC and Goldman Sachs and Co. The transaction is subject to customary regulatory approvals and closing conditions. Segra’s existing management team will continue to lead the Segra enterprise and carrier organization following the acquisition, will retain the Segra brand and operate as a stand-alone business within the Cox family of companies. I would also like to thank EQT for its continued guidance and invaluable support as we worked to grow the business over the last nearly four years.” We will be even more strongly positioned to meet growing demand from carrier and enterprise customers for high-bandwidth fiber-infrastructure solutions. “Cox and Segra are equally devoted to the communities we serve. “Our relationship with Cox will allow Segra to leverage expert resources, capabilities and strategic insights in order to scale up operations and accelerate long-term growth,” said Timothy Biltz, CEO of Segra. The Segra acquisition supports that ongoing focus. In the last few years, Cox network infrastructure investments have included EasyTel, EdgeConneX, InSite Wireless, StackPath, Unite Private Networks and ViaWest. “Acquiring Segra’s commercial services business is another key milestone in our pursuit of strategic infrastructure to ensure that we’re providing the best products and services to our customers.” “Cox is focused on buying and investing where it makes sense, and we believe that the demand for broadband infrastructure will continue to grow, making fiber an attractive area for long-term investment,” said Pat Esser, president and CEO, Cox Communications. The company’s dense metropolitan fiber network provides enhanced technology solutions and a commitment to a superior customer experience.Īs part of the transaction, EQT Infrastructure will retain ownership of Segra’s fiber-to-the-premise (FTTP) residential and small- to medium-sized business segment in Virginia and North Carolina and accelerate the plan to expand broadband services to neighborhoods and markets throughout their regions. The expansion will bring 2,433 serviceable locations throughout the city within range, with connectivity back to UPN’s PoP in Albuquerque.Cox Communications has entered into a definitive agreement to acquire Charlotte, N.C.-based Segra, one of the largest privately-held fiber infrastructure providers in the U.S.Ĭox will acquire Segra’s commercial services segment, which is a leading super-regional, fiber-based provider serving commercial enterprise and carrier customers in nine states in the Mid-Atlantic and Southeast. ![]() They will be expanding into Las Cruces NM with 55 route miles of new fiber. There will likely be substantial consolidation work at the operations level, but in terms of network infrastructure there’s not all that much direct overlap.īut in the meantime, UPN also announced a new metro fiber buildout. Segra CEO Kevin Hart will lead the combined company, while UPN CEO Jason Adkins will take on the role of President. ![]() By taking full control of the company now, however, they can merge the assets and operations with Segra, which they bought from EQT just two years ago after building it from the assets of Lumos and Spirit.Ĭombined the companies’ footprints will span much of the east coast, the Midwest, and the desert Southwest. And since that time it has kept the company on a path of organic expansion. To do that they will be acquiring that part of Unite Private Networks they don’t already own.Ĭox bought a significant stake in UPN 7 years ago. In a bit of consolidation news earlier this week, the cable operator Cox Communications announced plans to put its metro and regional fiber investments under one roof.
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