Tuesday, March 7, 2017

Northeast region operator FirstLight to acquire FLTG serving New York and Pennsylvania

FirstLight Fiber, a fibre bandwidth infrastructure services provider operating in New York and northern New England, announced its intent to acquire Finger Lakes Technologies Group (FLTG), a subsidiary of Trumansburg Telephone Company (TTC) that provides data, Internet and voice solutions to business customers across New York and Pennsylvania.

The company stated that the acquisition of FLTG is intended to strengthen FirstLight's position as a leading fibre communications provider in the Northeast region. The transaction will combine FLTG's privately owned fibre network, which spans nearly 2,500 route miles in New York state and Pennsylvania, with FirstLight's 9,500-plus route mile fibre network and data, Internet, data centre, cloud and voice services.

Through the transaction, FirstLight will be able to offer increased fibre density in the upstate New York area, and expand its service offering in the northern Pennsylvania region. Headquartered in Victor, FLTG and its parent companies employ 140 people, with offices in Buffalo, Binghamton, Norwich, Phelps, Romulus and Trumansburg.

Based in Albany, New York, FirstLight provides fibre data, Internet, data centre and voice services to enterprise and carrier customers throughout the Northeast, connecting more than 5,000 locations to services and with a further 20,000 locations serviceable over its fibre network.

FirstLight offers a portfolio of high bandwidth connectivity solutions including Ethernet, wavelength and dark fibre services, as well as data centre, cloud and voice services. Customers includes national cellular providers and wireline carriers, enterprises, the education sector and local and state governments.

The transaction is expected to close in the third quarter of 2017, following the satisfaction of customary regulatory and shareholder approvals. Financial terms of the transaction were not disclosed.

https://www.firstlight.net/


  • In January, FirstLight, a company of Oak Hill Capital Partners, completed similar transactions with Oxford Networks and Sovernet Communications. Oak Hill Capital Partners completed its acquisition of Oxford Networks and combined the operations with FirstLight, with Novacap, Bank Street Capital Partners and Riverside Partners continuing as minority investors in the combined company. The Sovernet transaction is expected to close early in 2017 following receipt of customary regulatory approvals.


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