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wiredInUSA - September 2015
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INDEXi
I
Network
merger
The combined company will operate
under the Lightower brand and serve
customers across a service footprint
roughly double the size of each
independent company.
Rob Shanahan, president and CEO of
Lightower, said: “This strategic merger
was a natural fit for both networks and
both companies.” The new Lightower
Network will provide over 30,000 route
miles of fiber and more than 5,000
wireless towers.
The transaction was funded through a
combination of equity and debt, with
Lightower’s existing financial backers,
Berkshire Partners, Pamlico Capital and
ABRY Partners, providing additional
equity.
Lightower’s portfolio of industry-specific
networking solutions includes Ethernet,
dark fiber, wavelengths, Internet access,
private networks and colocation.
Lightower Fiber Networks has closed
a $1.9 billion merger with Fibertech
Networks.