Mergers & Acquisitions

Mergers & Acquisitions

December 13, 2010

Open Access Attained by Lightower Fiber Networks

Lightower Fiber Networks, the Boxborough, Mass.-based provider of metro fiber network and bandwidth service, announced it is acquiring Open Access, a provider of diverse, cost-effective, customized end-to-end communications solutions.

Terms of the transactions were not disclosed.

Based in Farmingdale, N.Y., Open Access owns and operates a network across Long Island and the surrounding areas providing access to over 230 commercial buildings and data centers.

According to company officials, the merger of the two networks supports Lightower's mission of owning and operating a dense, next-generation fiber network that provides a complete portfolio of high-bandwidth services utilizing end-to-end fiber connectivity.

The combined network increases Lightower's last-mile fiber access into commercial buildings across Long Island. It also expands its existing network and customer base throughout Long Island and the greater New York City region.

“Demand for fiber-based networking solutions continues to grow throughout our footprint, including the Long Island region,” said Lightower CEO, Rob Shanahan, in a statement. “The acquisition of Open Access will increase Lightower's position in this important, growing market.”

“Open Access has developed a great local presence and now Long Island customers can benefit from Lightower's extended network reach,” Shanahan added.

Lightower's current network is comprised of over 5,500 fiber route miles and access to over 2,100 commercial buildings, data centers, telco hotels, and other critical interconnection facilities.

The company has footprints in Massachusetts, New Hampshire, Rhode Island, Connecticut, New Jersey, and New York, including Long Island and New York City.

Lightower also offers nationwide long haul services to Chicago, Washington, D.C., Atlanta, Denver, Phoenix, San Diego, Los Angeles, San Francisco, and Sacramento.

The acquisition, according to company officials, will also benefit Open Access customers as they gain access to the complete suite of Lightower services and all Lightower service locations.

Lightower offers Ethernet, dark fiber, DWM wavelengths, SONET, Internet access, and collocation services.

Following this acquisition, Lightower customers will gain access to Open Access's on-net commercial buildings as well as connectivity into additional interconnectivity facilities including the Open Access collocation facility in Farmingdale, the company said.

The transaction is subject to regulatory approval and is expected to close in 1Q 2011, according to the news release.

Earlier in September, Lightower Fiber Networks acquired  Lexent (News - Alert) Metro Connect, a leading provider of custom built dark fiber networks in the New York market.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Tammy Wolf

blog comments powered by Disqus

FREE eNewsletter

Financial Technology Industry News