Boxborough's Lightower In $2B Merger
Lightower Fiber Networks of Boxborough is merging with a New York City-based provider of high-capacity communications services in a deal valued at more than $2 billion.
The deal with Sidera Networks, which has an office in Westborough, is expected to close in the second quarter of next year, pending regulatory approval. The merged company will carry the Lightower name, and the roughly 70 Sidera employees who work out of Westborough will be relocated to Boxborough, according to Lightower CEO Rob Shanahan.
Lightower employs 230, with 120 working out of the Boxborough headquarters.
"Lightower and Sidera … will offer customers an industry-leading, fiber-based network with a deeply experienced team supporting it," stated Shanahan, who will remain CEO of the merged company. " Once merged, we will offer customers more services, more routes and more access options with the same high levels of performance, diversity, reliability and support that our customers have come to expect from us."
Following the merger, the combined company will operate a fiber-based network throughout the Northeast, Mid-Atlantic and Midwest, with connections to critical landing sites and exchanges internationally, according to a statement from Lightower. The combined network will offer customers more than 20,000 route miles and provide access to more than 6,000 … locations, including commercial buildings, data centers, financial exchanges, content hubs and other critical interconnection facilities.
"This combination is highly complementary," said Mike Sicoli, CEO of Sidera. "The broad reach and scale of our combined network, the cumulative expertise of our dedicated employees and our shared passion for customer service and satisfaction will set the new company apart and deliver tangible benefits to our customers."
Read More:
Lightower Expands Network In Garden State
Lightower To Support Broadband Expansion
Read more
Boxborough Firm Completes Merger
WBJ Web Partners
Most Recent
Most Recent
0 Comments