Conterra hits 355k fibre miles after double acquisition
Conterra Ultra Broadband Holdings has nearly tripled its footprint after acquiring two regional optical fibre-based broadband businesses.
Louisiana-based Detel and North Carolina-based Broadplex have been building and operating facilities-based lit and dark fibre and related technology networks and as a result, Conterra’s combined fibre assets and competitive footprint has nearly tripled in size to 6,200 route miles and 355,000 fibre miles respectively.
"We have been working closely with both Detel and Broadplex for years and plan to take advantage of the many benefits that our larger scale, operating efficiencies and local customer relationships will bring to our combined bandwidth infrastructure growth as a result of these transactions," said Steve Leeolou, Conterra's president and chief executive officer.
The broadband infrastructure company, which now provides lit and dark fibre network services in seven primary states in the US, now serves more than 3,500 "On-Net" locations including more than 500 owned and operated communication towers that support school districts and wireless carriers from coast to coast.
The founders and management teams of both Detel and Broadplex are staying on with Conterra as managers and significant owners to help support and grow their original businesses as well as assist with Conterra's fibre expansion plans.
Leeolou added: "We are also delighted that Daryl Deshotel and his core team in Louisiana and Dr. Rocco DiSanto and his core team in the Carolinas will continue to provide transferable innovations, rapid and cost effective deployment capabilities and local competitive knowledge to our combined Conterra business plan.”
Conterra has stated that the terms of the transactions are not being disclosed.