Cox Communications has entered into an agreement to acquire Segra, one of the largest privately-held fiber infrastructure providers in the U.S.
Cox 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. The company’s dense metropolitan fiber network provides enhanced technology solutions and a commitment to a superior customer experience.
As part of the transaction, EQT Infrastructure will retain ownership of Segra’s 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.
In the last few years, Cox network infrastructure investments have included EasyTel, EdgeConneX, InSite Wireless, StackPath, Unite Private Networks and ViaWest. The Segra acquisition supports that ongoing focus.
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.
Pat Esser, President and CEO, Cox Communications
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.
Timothy Biltz, CEO of Segra
Cox and Segra are equally devoted to the communities we serve. We will be even more strongly positioned to meet growing demand from carrier and enterprise customers for high-bandwidth fiber-infrastructure solutions.
