LS Networks, a Portland, Ore.-based competitive fiber provider, has wrapped its acquisition of Quantum Communications, deepening its footprint in the Pacific Northwest market.
Terms of the deal were not disclosed.
For Quantum Communications, the completion of the deal is business as usual. LS Network said it plans to retain all employees and continue to operate and expand Quantum's existing business in Central Oregon.
By acquiring Quantum, LS Network gains a dense last mile fiber network in Central Oregon that's complementary to its Northwest fiber footprint. Additionally, LS will get access to a large business and residential customer base in the communities of Redmond, Bend, Madras, Prineville and Sisters.
The benefit for existing carrier and enterprise customers is greater scale and service continuity.
Prior to being bought by LS Networks, Quantum built out 2,200 miles of regional fiber and established interconnection agreements with several area carriers to deliver services locally and across the Northwest.
Also, LS Networks will continue to operate the Redmond office where Quantum Communications is based, meaning customers will see no adverse changes in service, rates, or terms of their current agreements.
Quantum's customers, particularly those in the business and carrier segments, will also be able to gain access to an even wider set of network assets.
From a larger industrywide trend perspective, LS Networks' acquisition of Quantum is a sign of the ongoing consolidation of the regional fiber services market. In this case, the combined company will be able to respond to Tier 2 and Tier 3 markets that are underserved by larger incumbent LECs and cable operators.
- see the release
Middle mile, dark fiber networks are needed to drive more rural broadband
Global Capacity enhances reach to 5,000 rural communities via INDATEL pact