Cox Communications has struck a deal to acquire the commercial segment of North Carolina-based Segra, the latest in a series of investments in fiber providers.
Segra is privately held and financial terms of the transaction were not disclosed. The company, which serves nine states in the Mid-Atlantic and Southeast, provides Ethernet, MPLS, dark fiber, data center services, IP and managed services and voice and cloud solutions.
Cox is buying Segra’s fiber-based commercial services segment, which serves enterprise and carrier customers. EQT Infrastructure, which holds ownership in Segra, will retain ownership of Segra’s fiber-to-the-premise segment serving residential and small-to-medium-sized business customers and as part of the deal, will “accelerate the plan to expand broadband services to neighborhoods and markets throughout their regions.”
