Unite Private Networks offers fiber optics to 8% of businesses and Level 3 Communications reaches 1% of commercial users with their fiber optics offering. Fiber optics are not yet offered to Bellevue residents.Īlthough CenturyLink_s DSL service is not available to commercial users, fiber optics are being introduced to the market. Internet Nebraska Corporation offers DSL to 94% of the community and CenturyLink provides the service to 93% of residents. Compared with just 73% of Nebraska, 97% of Bellevue has access to high-speed internet.Ĭox Communications is the sole cable internet provider in the area, reaching 97% of homes. Bellevue residents rely on their internet services to connect to the community and advance their careers. There is a large population of people from African-American and Latino heritages. is noted for its high-capacity, reliable broadband delivery network and superior. Residents are well-educated and ethnically diverse. As the third-largest cable provider in the nation, Cox Communications Inc. The upper-middle class residents work in a mix of blue- and white-collar industries. LLC acted as financial advisors and Simpson Thacher & Bartlett LLP acted as legal advisor to Segra in connection with the transaction.Bellevue is the third largest city in Nebraska. Bank Street Group LLC and Goldman Sachs and Co. The transaction is subject to customary regulatory approvals and closing conditions. Segra’s existing management team will continue to lead the Segra enterprise and carrier organization following the acquisition, will retain the Segra brand and operate as a stand-alone business within the Cox family of companies. I would also like to thank EQT for its continued guidance and invaluable support as we worked to grow the business over the last nearly four years.” Unite Private Networks (UPN) provides fiber-optic communications infrastructure services to schools, governments, carriers, data centers, hospitals, and enterprise business customers. We will be even more strongly positioned to meet growing demand from carrier and enterprise customers for high-bandwidth fiber-infrastructure solutions. “Cox and Segra are equally devoted to the communities we serve. “Our relationship with Cox will allow Segra to leverage expert resources, capabilities and strategic insights in order to scale up operations and accelerate long-term growth,” said Timothy Biltz, CEO of Segra. -Formulated Transdermal products using various polymers, solvents and raw material.
The Segra acquisition supports that ongoing focus. In the last few years, Cox network infrastructure investments have included EasyTel, EdgeConneX, InSite Wireless, StackPath, Unite Private Networks and ViaWest. “Acquiring Segra’s commercial services business is another key milestone in our pursuit of strategic infrastructure to ensure that we’re providing the best products and services to our customers.” “Cox is focused on buying and investing where it makes sense, and we believe that the demand for broadband infrastructure will continue to grow, making fiber an attractive area for long-term investment,” said Pat Esser, president and CEO, Cox Communications. The company’s dense metropolitan fiber network provides enhanced technology solutions and a commitment to a superior customer experience.Īs part of the transaction, EQT Infrastructure will retain ownership of Segra’s fiber-to-the-premise (FTTP) residential and small- to medium-sized business segment in Virginia and North Carolina and accelerate the plan to expand broadband services to neighborhoods and markets throughout their regions. Cox Communications has entered into a definitive agreement to acquire Charlotte, N.C.-based Segra, one of the largest privately-held fiber infrastructure providers in the U.S.Ĭox will acquire Segra’s commercial services segment, which is a leading super-regional, fiber-based provider serving commercial enterprise and carrier customers in nine states in the Mid-Atlantic and Southeast.
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