LLC acted as financial advisors and Simpson Thacher & Bartlett LLP acted as legal advisor to Segra in connection with the transaction. Bank Street Group LLC and Goldman Sachs and Co. They have made a strategic investment in Unite Private Networks, becoming a major shareholder alongside Ridgemont Equity Partners and the company’s management team. The transaction is subject to customary regulatory approvals and closing conditions. Late yesterday, the cable operator Cox Communications made a significant move deeper into the world of metro and regional fiber. 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.”
#Unite private networks and cox update
We will be even more strongly positioned to meet growing demand from carrier and enterprise customers for high-bandwidth fiber-infrastructure solutions. Unite Private Networks Overview Update this profile Founded 1998 Status Private Employees 420 Latest Deal Type M&A Financing Rounds 3 Investments 1 General Information Description Provider of fiber-based communications networks intended to offer seamless communication service. “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. Atlanta, Georgia Cox Communications has entered into a definitive agreement to acquire the remaining interest in Unite Private Networks (UPN). is noted for its high-capacity, reliable broadband delivery network and superior. We work in 123 countries and territories, combining emergency assistance with long-term development while adapting our activities to the context and challenges of each location and its people.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. As the third-largest cable provider in the nation, Cox Communications Inc.
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