Thursday, April 11, 2013

Lightower and Sidera Complete Merger -- 20,000 Fiber Route Miles

Lightower Fiber Networks completed its merger with Sidera Networks, creating one of the largest metro fiber providers in the United States.

The new Lightower operates a broad, dense and unique fiber-optic network throughout the Northeast, Mid-Atlantic and Chicago metro areas. The fiber footprint extends 20,000 route miles  throughout New England, the New York metro region, Philadelphia, Washington, D.C., Virginia and west to Chicago, with additional connectivity to landing points in London and Toronto. Lightower provides access to over 7,500 service locations, including more than 130 data centers, over 115 carrier hotels and central offices, 40 financial exchanges and 18 Lightower colocation centers.

The transaction, valued at more than $2 billion, was led by Boston-based Berkshire Partners. Pamlico Capital, a significant Lightower investor, and ABRY Partners, a significant Sidera investor, will remain as investors in the new company. 

Lightower is headquartered in Boxborough, MA.  The company is led by Rob Shanahan, President & CEO.

See also