ATLANTA & CHARLOTTE, N.C.–(BUSINESS WIRE)–Cox Communications has finalized the acquisition of the business providers section of Charlotte, N.C.-based Segra, one of many largest privately-held fiber infrastructure suppliers within the U.S.
Segra is a number one super-regional, fiber-based supplier serving business enterprise and provider clients in 9 states within the Mid-Atlantic and Southeast with fiber optic infrastructure and state-of-the-art voice and knowledge expertise options. The funding represents one of many largest in Cox Communications historical past. The Segra acquisition helps the corporate’s ongoing focus of strategic infrastructure investments and its continued dedication to the enterprise providers market.
“Cox has invested greater than $15 billion in its communities by way of infrastructure upgrades within the final decade and buying Segra’s business providers enterprise underscores our dedication to proceed to make large bets within the enterprise providers area,” mentioned Mark Greatrex, incoming president, Cox Communications. “An expanded geographical presence, higher community capability and extra providers will likely be an instantaneous profit for purchasers of each corporations and can higher allow us to satisfy the numerous demand for our options.”
Segra’s present administration crew will proceed to guide the Segra enterprise and provider group following the acquisition, will retain the Segra model and function as a stand-alone enterprise throughout the Cox household of corporations.
“Segra’s major focus will proceed to be on serving our clients. Our devoted crew of staff is our most necessary useful resource. By way of them, we ship a superior buyer expertise and reveal the worth of our state-of-the-art fiber infrastructure. We’ll proceed to put money into our staff and our world-class community to be able to exceed our buyer’s expectations,” mentioned Timothy Biltz, CEO of Segra. “Becoming a member of Cox strengthens our capability to satisfy the rising demand for our services, that are mission essential to our clients. The Segra and Cox groups have been working diligently collectively to plan for a profitable day one and past.”
About Cox Communications:
Cox Communications is dedicated to creating significant moments of human connection by way of broadband functions and providers. The most important personal telecom firm in America, we proudly serve almost seven million properties and companies throughout 18 states. We’re devoted to empowering others to construct a greater future and have fun various merchandise, individuals, suppliers, communities and the traits that makes each distinctive. Cox Communications is the biggest division of Cox Enterprises, a family-owned enterprise based in 1898 by Governor James M. Cox.
About Cox Enterprise:
The business division of Cox Communications, Cox Enterprise gives voice, knowledge and video providers for greater than 355,000 small and regional companies nationwide, together with well being care suppliers; Ok−12 and better training; monetary establishments; and federal, state and native authorities organizations. The group additionally serves many of the top-tier wi-fi and wireline telecommunications carriers within the U.S. by way of its wholesale division. For extra data, please go to www.coxbusiness.com.
Segra is likely one of the largest impartial fiber infrastructure bandwidth corporations within the Jap U.S. It owns and operates a complicated fiber infrastructure community all through 9 Mid-Atlantic and Southeastern states. Segra gives Ethernet, MPLS, darkish fiber, superior knowledge heart providers, IP and managed providers, voice and cloud options, all backed by its industry-leading service and reliability. Clients embrace carriers, enterprises, governments, increased training and healthcare organizations. For extra details about Segra’s expertise and dedication to buyer care, go to segra.com.