Cox Communications has finalized the acquisition of the commercial services segment of Charlotte, N.C.-based Segra, one of the largest privately-held fiber infrastructure providers in the U.S.
Segra is a leading super-regional, fiber-based provider serving commercial enterprise and carrier customers in nine states in the Mid-Atlantic and Southeast with fiber optic infrastructure and state-of-the-art voice and data technology solutions.
The investment represents one of the largest in Cox Communications history. The Segra acquisition supports the company’s ongoing focus of strategic infrastructure investments and its continued commitment to the business services market.
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.
Mark Greatrex, Incoming President, Cox Communications
Cox has invested more than $15 billion in its communities through infrastructure upgrades in the last decade and acquiring Segra's commercial services business underscores our commitment to continue to make big bets in the business services space.
Timothy Biltz, CEO of Segra
Segra’s primary focus will continue to be on serving our customers. Our dedicated team of employees is our most important resource. Through them, we deliver a superior customer experience and demonstrate the value of our state-of-the-art fiber infrastructure. We’ll continue to invest in our employees and our world-class network in order to exceed our customer’s expectations.
