SEPTEMBER 14, 2010 -- Lightower Fiber Networks says it will acquire dark fiber provider Lexent Metro Connect. Terms of the deal were not disclosed. The transaction is subject to regulatory approval and is expected to close in Q4 2010.
With the acquisition of Lexent, Lightower will expand its fiber footprint and customer base in the greater New York City region, including New Jersey. The addition of Lexent will add over 150 fiber route miles and over 200 commercial buildings to Lightower’s network. Lightower also adds low latency routes between New York City and New Jersey financial exchanges and data centers.
“We continue to see increasing demand for fiber-based networking and connectivity solutions throughout the greater New York City region. Lexent’s network is the premier fiber network in New York City with the most density. It is a natural fit for expanding Lightower’s reach in the region. Lexent’s network also offers many fiber routes that are optimized for ultra low latency solutions to the financial and media industries,” explained Lightower President and CEO Rob Shanahan.
Lightower’s current network comprises more than 4,600 fiber route miles throughout Massachusetts, New Hampshire, Rhode Island, Connecticut, New Jersey, and New York including New York City. The Lexent network includes 150 route miles of fiber throughout New York City and New Jersey.
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