Conterra Ultra Broadband Holdings, Inc. (also known as Conterra Networks) says it has reached an agreement to purchase Network Communications Telecom, a regional fiber-based telecommunication services provider headquartered in a Longview, TX. Terms of the deal were not disclosed, although Conterra Networks says it expects to complete the acquisition by the end of this month.
The addition of Network Communications will expand Conterra Networks' fiber footprint in Texas and Louisiana, which are already two of its largest operating states. In particular, Conterra Networks will see its fiber-optic network assets in Shreveport, LA, and East Texas grow. The deal also will add last-mile and regional transport access to what Conterra Networks described as “thousands of enterprise businesses in the region.”
The announcement follows previous acquisitions of Network USA and Detel, two operators that also provide fiber-based services to Louisiana and East Texas (see "Conterra expands fiber footprint with Network USA and Sun America acquisition").
"As Conterra continues to strengthen its ability to serve large multi-site customers with fiber-based services, this is another important acquisition as it expands our fiber networks to adjacent communities and deepens our coverage in the East Texas and Louisiana region,” confirmed Craig Gunderson, Conterra's president and COO. “Network Communications possesses a highly talented team of telecommunication professionals focused on providing business customers with exceptional services from a competent team who live and work in the communities they serve. In addition to their leading-edge fiber network, they bring an evolved set of efficient processes, a broad set of products and important systems to serve the enterprise segment."
Conterra Networks is majority owned by Court Square Capital, a private equity firm with approximately $6 billion of assets under management, with the remaining ownership largely held by Conterra Networks' management team.
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