Cox Buying into Fiber Provider UPN

July 8, 2016
Cox Communications has entered into a definitive agreement to make a strategic investment in Unite Private Networks (UPN) alongside ...

Cox Communications has entered into a definitive agreement to make a strategic investment in Unite Private Networks (UPN) alongside Ridgemont Equity Partners and the company's management team.

UPN specializes in providing high-bandwidth, fiber-based communications networks and related services to schools, government, carriers, data centers, hospitals and enterprise business customers. UPN operates a 6,200-route-mile fiber network that connects to 3,750 on-net buildings across 20 states, primarily in the central United States. UPN service offerings include dark and lit fiber, private line, optical Ethernet, Internet access, data center services and other customized solutions.

"We believe that fiber infrastructure represents an attractive area for long-term investment, particularly in underserved markets," said Cox President Pat Esser. "UPN is led by a proven management team and is well-positioned to capitalize on the explosive demand for bandwidth driving growth within fiber infrastructure."

UPN will be led by its existing management team and operate as a stand-alone business within the Cox family of companies. Cox and UPN will work in a coordinated manner to pursue strategic growth opportunities.

The transaction is subject to customary regulatory approvals and closing conditions. The financial terms of the agreement were not disclosed.

About the Author

BTR Staff

Editorial Director and Associate Publisher
[email protected]
Senior Editor
[email protected]
Business Solutions Manager
(312) 350-0452
[email protected]
Business Solutions Manager
(516) 695-3899
[email protected]

Sponsored Recommendations

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

The Journey to 1.6 Terabit Ethernet

May 24, 2024
Embark on a journey into the future of connectivity as the leaders of the IEEE P802.3dj Task Force unveil the groundbreaking strides towards 1.6 Terabit Ethernet, revolutionizing...

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.

Supporting 5G with Fiber

April 12, 2023
Network operators continue their 5G coverage expansion – which means they also continue to roll out fiber to support such initiatives. The articles in this Lightwave On ...