OnFiber Communications will acquire a majority of the assets and customer contracts of Portland General Broadband (PGB). PGB's 85 route mile fiber network, which was completed in 2003, serves Portland's business districts and major telecommunication traffic aggregation points, including Beaverton, Hillsboro, Tigard, Tualatin, Sherwood, Lake Oswego, and Milwaukie. The PGB network now becomes one of 16 major metropolitan area networks operated by OnFiber throughout the U.S. Financial terms were not disclosed. http://www.onfiber.com
- Earlier this month, OnFiber Communications, which operates metro networks across the U.S, completed a $12 million Series C round of private equity financing. The funding was raised entirely from current investors, including Kleiner Perkins Caufield & Byers, Bear Stearns Merchant Banking and Telesoft Partners.
- In June 2004, OnFiber Communications acquired a majority of the assets and all customer contracts of C2C Fiber of Massachusetts, a competitive carrier operating in the Boston metropolitan area. The deal included approximately 350 route miles in over 25 cities and towns throughout the Boston area, including the I-495 corridor. Financial terms were not disclosed.
- In August 2003, OnFiber acquired a majority of the network assets and customer contracts of Telseon Inc.