QUINCY, Mass.--(BUSINESS WIRE)--Atlantic Broadband, the nation's 9th largest cable operator has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. Upon completion of the agreement, Atlantic Broadband will add approximately 350 route miles to its existing South Florida footprint, more than doubling its existing fiber footprint in the region.
This acquisition, which is subject to customary regulatory approvals and expected to close within six months, allows Atlantic Broadband to significantly accelerate its effort to expand fiber-delivered business and carrier services in the vibrant and growing corridor running from downtown Miami up to North Palm Beach. As part of this transaction, Atlantic Broadband has purchased dark fiber capacity from FiberLight that will enable the company to begin offering its advanced business communication solutions across the entire network footprint almost immediately.
“With interconnections to every major data center and nearly 200 on-net buildings throughout South Florida, acquiring FiberLight’s high quality and high capacity fiber network will cement our position as a leading provider of business communications services in South Florida,” said David Isenberg, Atlantic Broadband President and Chief Revenue Officer. “We look forward to playing an even greater role in supporting and enabling the innovation and economic growth that has characterized this region.”
“We are pleased to forge a new partnership with Atlantic Broadband to enable the expansion of their business in the greater Miami market, while at the same time, allowing FiberLight the opportunity to re-invest in our Texas and Northern Virginia markets which are experiencing significant growth,” said Don MacNeil, FiberLight Chief Executive Officer.
After the recent completion of the MetroCast acquisition earlier this month, and the addition of fiber assets from the FiberLight deal, Atlantic Broadband doubled its network coverage and now operates a network that covers 7,000 route miles and 25,000 on-net buildings stretching from Maine to South Florida.
ABOUT ATLANTIC BROADBAND
Atlantic Broadband, a wholly-owned
subsidiary of Cogeco Communications Inc.
(TSX: CCA), is the 9th largest cable operator in the United
States, based on the number of television service customers served. The
company provides its residential and business customers with Internet,
TV and Phone services in 11 states: Connecticut, Delaware, Florida,
Maine, Maryland, New Hampshire, New York, Pennsylvania, South Carolina,
Virginia and West Virginia. Atlantic Broadband is headquartered in
Quincy, Massachusetts. To learn more about Atlantic Broadband, please
visit www.atlanticbb.com.
ABOUT FIBERLIGHT, LLC
FiberLight is a premier provider of
fiber-optic based, high performance networking services for telecom
carriers, government, enterprise, content providers and web-centric
businesses. FiberLight owns over 1,300,000 miles of robust fiber
networks in over 44 key growth areas in US cities and towns within
Florida, Georgia, Maryland, Texas, Virginia and Washington, D.C.,
offering wide area networking options at layers 1, 2 and 3 to major
commercial hubs throughout the country. To learn more about FiberLight’s
service offerings, visit www.fiberlight.com.
