![]() The transaction was completed with the help of NOVACAP, a Quebec-based private investment company. ![]() Thanks to our network, clients can deploy the extremely powerful and robust telecommunications infrastructures essential for running cloud applications like business continuity and data backup and to send massive amounts of information through the internet, to increase productivity and achieve significant operational gains," said Benjamin Desmarais, president and CEO of FIBRENOIRE.Īccording to François Tessier, president of SRDP Telecom and RHRI, "the combination of FIBRENOIRE's expertise and SRDP's networks will provide businesses with a unique service offering at the very forefront of the telecommunications industry." Tessier will now chair the FIBRENOIRE board. "FIBRENOIRE distinguishes itself by providing businesses with the fastest and most reliable internet and private network connectivity services in the industry, ranging from 10Mbps to 100Gbps symmetrical. FIBRENOIRE's fiber optic network now serves more than 500 commercial and industrial buildings and 39 data centres in Quebec and Ontario, as well as secondary markets such as St-Hyacinthe, Drummondville, Granby, St-Jean-sur-Richelieu and Sherbrooke. The acquisition expands the FIBRENOIRE network to more than 75 million of fiber-metres - the equivalent of circumventing the earth twice - concentrated in three of the four largest metropolitan areas in Eastern Canada: Toronto, Montreal and Quebec City. The acquisition gives FIBRENOIRE the largest fiber network in Quebec exclusively dedicated to business. (RHRI), two independent fiber optic networks in the Greater Montreal Area. (SRDP Telecom) and Réseau du Haut-Richelieu Inc. ![]() Cox will “retain the Segra brand and operate as a stand-alone business within the Cox family of companies”.ĮQT has not said what will happen to the rump of the business it still owns, the FTTP operation to residential and small and medium businesses.FIBRENOIRE, a telecommunications company specializing in fiber connectivity services for businesses in Quebec and Ontario, continues its expansion with the acquisition today of Société des Réseaux Dédiés et Privés Inc. Pat Esser, president and CEO of Cox Communications,s said: “Cox is focused on buying and investing where it makes sense, and we believe that the demand for broadband infrastructure will continue to grow, making fiber an attractive area for long-term investment.”Ĭox noted that it has previously bought fibre infrastructure from companies including EasyTel, EdgeConneX, InSite Wireless, StackPath, Unite Private Networks and ViaWest.Įsser said: “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.”Ĭox said Segra’s existing management team will continue to lead the Segra enterprise and carrier organisation following the acquisition. Neither EQT nor Cox divulged the price, but the Bloomberg agency said: “People familiar with the matter said the transaction valued the Segra division at more than US$3 billion, including debt.”ĮQT said it “will retain ownership of Segra’s fibre-to-the-premise (FTTP) residential and small- to medium-sized business segment in Virginia and North Carolina and accelerate the plan to expand broadband services to neighbourhoods and markets throughout their regions”. It added: “The company’s dense metropolitan fibre network provides enhanced technology solutions and a commitment to a superior customer experience.” Cox said it will acquire Segra’s commercial services segment, which it described as “a leading super-regional, fibre-based provider serving commercial enterprise and carrier customers in nine states in the mid-Atlantic and south-east ”.
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