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Entries in Fibertech (6)

Thursday
Apr302015
DateThursday, April 30, 2015 at 4:38PM

Lightower Announces Merger with Fibertech

On Monday, April 27th, Lightower Fiber Networks announced that they have agreed to merge with Fibertech Networks.  The transaction is an all cash deal for $1.9 billion funded with a mixture of debt and equity and is expected to close in Q3 2015.  The merger will allow the two companies to serve more locations, while being able to offer more service options to customers. 


 Transaction Facts

  • Lightower Fiber Networks is a leader in providing custom all-fiber and high-capacity network services.
  • Lightower serves enterprise, government, carrier and data center customers.
  • Fibertech Networks is a leading provider of fiber-optic based network services.
  • Fibertech serves wireline and wireless carriers, data centers, large enterprises, and facilities in several industries.

Strategic Considerations

  • Merged company will have approximately 32,000 fiber route miles connected to 5,000 wireless towers and 13,000 POPs. 
  • Transaction provides a complementary network and geographic footprint. 
  • Both companies offer fiber-based services such as Ethernet, dark fiber, wavelengths, Internet access, private networks and colocation services, which makes for a natural fit.

JSICA’s Take

  • Win for customers, due to the fact that the combined company will be able to offer the same superior level of customer support and reliability as it has in the past, except in more locations.
  • Merger creates a strong presence for the two companies in the Northeast and Mid-Atlantic.
AuthorJared Taylor | Comments Off | | | Print ArticlePrint Article
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Thursday
Oct062011
DateThursday, October 6, 2011 at 10:48AM

The Gores Group Doubles Down on Fiber with New Buy

Source: The Deal Advisor

Los Angeles-based private equity firm The Gores Group has made a deal to purchase fiber network and data center operator, Alpheus. The Gores Group will acquire Texas-based Alpheus’ extensive fiber network that consists of 2,800 long haul fiber route miles and 3,250 metro route miles that expands to all the major Texas markets.  The firm also owns First Communications which owns fiber networks in the Mid Atlantic and Midwest. Adam Brissette looks into the deal.

Read more here.

AuthorAdam Brissette | CommentPost a Comment | | | Print ArticlePrint Article
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Monday
Mar142011
DateMonday, March 14, 2011 at 10:56AM

Fibertech Networks Expands New Jersey Network

Source: Fibertech Press Release

Fibertech Networks, a regional provider of fiber optic bandwidth services, announced it is expanding its existing network footprint in Central and Southern New Jersey by more than 700 route miles. The expansion is due to recently signed agreements with major wireless carriers, Fortune 100 financial institutions, and a prominent healthcare system in the area. The new network expansion is expected to be complete by year-end 2011.

The new routes encompass a diverse fiber optic connection from Philadelphia to Atlantic City, a unique path from Trenton to Perth Amboy, and will further develop the company’s existing density throughout New Jersey. Local businesses in the area will have new broadband choices with these direct, end-to-end fiber optic connections.

With these new miles, Fibertech will have in place a continuous, company-owned and operated fiber network extending from Springfield, MA, to northern Maryland, bringing the company’s total fiber assets across the mid-Atlantic and New England regions to more than 4,000 route miles.

In addition to its Southern NJ/Philadelphia market, the company has networks operational in 21 additional markets including Northern NJ; Bridgeport, Hartford, New Haven, New London, Norwalk and Stamford, CT; Providence, RI; Columbus, OH; Pittsburgh; Syracuse, Rochester, Buffalo, Binghamton, White Plains and Albany, NY; Montgomery County, MD; Wilmington, Del.; Indianapolis; and Worcester and Springfield, MA.

AuthorDeborah Rand | CommentPost a Comment | | | Print ArticlePrint Article
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Wednesday
Dec012010
DateWednesday, December 1, 2010 at 1:00PM

Court Square Completes Fibertech Acquisition

Source: Fibertech Press Release

Court Square Capital Partners, a private equity firm, announced today the successful closing on the acquisition of Fibertech Networks, a regional provider of fiber optic bandwidth services. Court Square has acquired controlling interest in the company from Nautic Partners and Ridgemont Equity Partners. The closing was finalized November 30, 2010.

Fibertech, headquartered in Rochester, NY, is a provider of fiber-optic based network services throughout mid-size cities in the Eastern and Central regions of the U.S. The company recently surpassed more than $1b in total sales contracts sold since its inception in May 2000. In addition, Fibertech has built wholly-owned networks spanning more than 6,000 route miles and 600,000 fiber miles.

This transaction was financed through a combination of equity contributed by investment funds managed by Court Square, as well as investment by the senior management of Fibertech. It also includes a senior debt facility in the amount of $270m led by Toronto Dominion Securities and lead syndication agent M&T Bank.

AuthorMatt Lydon | CommentPost a Comment | | | Print ArticlePrint Article
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Monday
Oct182010
DateMonday, October 18, 2010 at 1:28PM

Court Square Capital Gets Approval for Fibertech Deal

Source: FCC 214 Approval 

The Wireline Competition Bureau has granted the application listed in this notice pursuant to the Commission’s streamlined procedures for domestic section 214 transfer of control applications, 47 C.F.R. § 63.03.  The Bureau has determined that grant of this application serves the public interest. For purposes of computation of time when filing a petition for reconsideration or application for review, or for judicial review of the Commission’s decision, the date of “public notice” shall be the release date of this notice. 

Domestic Section 214 Application Filed for the Transfer of Control of Fiber Technologies Networks, L.L.C. to Firefox Acquisition Corp., WC Docket No. 10-176, Public Notice, DA 10-1751 (rel. Sept. 16, 2010).  

Effective Grant Date:  October 17, 2010

AuthorDeborah Rand | CommentPost a Comment | | | Print ArticlePrint Article
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