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Cox Communications is in "advanced talks" to acquire the enterprise business of fiber provider Segra from EQT in a deal that could be valued at more than $3 billion, including debt, Bloomberg reported. The deal, which could be announced as early as this week, is likely to combine the Segra unit with Cox Business, the report added, noting that Charlotte, North Carolina-based Segra intends to hold onto its residential business. Segra, formed by EQT through the combination and rebranding of Lumos Networks and Spirit Communications, operates about 1 million fiber-strand miles and 30,000 fiber-ro...
Cox Acquires Regional Fiber Operator Segra Posted on Share Home » Cox Acquires Regional Fiber Operator Segra Cox is acquiring Charlotte, North Carolina-based regional operator Segra from private equity firm EQT Infrastructure, the company announced today. Segra operates a fiber network across nine states in the mid-Atlantic region and has roots in the independent telco sector. Segra’s 30K mile fiber network has over 10K on-net locations and connectivity to over 7K wireless towers. The company also operates 9 data centers and owns two local operators, North State and Lumos. The Cox ...