Lightower Fiber Networks is continuing its strategic Northeast region network purchase strategy this week with the acquisition of Farmingdale, N.Y.-based Open Access Inc.
By acquiring Open Access, Lightower once again will expand its existing network presence and customer base not only in the greater New York City region, but also in Long Island. In Long Island, Open Access currently provides network services to area businesses with access to over 230 commercial buildings and data centers.
Rob Shanahan, Lightower's CEO, said that the move to acquire Open Access to keep up with customer needs in its current footprint specifically in Long Island.
"The acquisition of Open Access will increase Lightower's position in this important, growing market," explained Lightower CEO, Rob Shanahan in a release. "Open Access has developed a great local presence and now Long Island customers can benefit from Lightower's extended network reach."
Similar to its acquisitions of Lexent Metro Connect and Veroxity, the deal will provide benefits to both Lightower's and Open Access' customer bases. Open Access' existing customers will be able to get access to Lightower's services and service locations, while Lightower will be able to access Open Access' on-net commercial buildings as well as connectivity into additional interconnectivity facilities including the Open Access collocation facility in Farmingdale.
Expected to be completed in Q1 2011 after meeting customary regulatory approvals, neither Lightower nor Open Access revealed the terms of the deal.
For more:
- see the release
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