The new investment will bring in further funds with which to expand UPN’s footprint. Ridgemont Equity Partners bought a majority stake in UPN back in 2010, helping fund the company’s expansion over the past six years.
UNITE PRIVATE NETWORKS AND COX FULL
However, since the company’s current management team will be staying on, the company will continue to “operate as a stand-alone business within the Cox family of companies” - which surely suggests they’ve taken full control of UPN through the investment. Instagram Story Grabber : Effortlessly save Instagram stories and access them at your convenience.įinancial terms of the deal were not available, so we really have little detail on how much of UPN will be owned by Cox. By making a strategic investment, they hope to preserve the dynamic fiber buildout machine that UPN has built while gaining a seat at the table for their own needs and not narrowing its focus to the Cox cable franchise footprint.
UPN covers a lot of ground outside of Cox’s cable franchise footprint, and Cox is not buying the company outright. But this is a very different move for Cox than its purchase a few years ago of EasyTel in Tulsa was. There’s definitely some overlap with Cox, especially in Omaha and other Midwestern communities. We will bring UPN and Segra together to create a new, stand-alone company that continues to offer our customers a broad portfolio of. The transaction is expected to close by June 30. Today their network stretches 6,200 route miles and hooks up some 3,750 on-net buildings. ATLANTA, Cox Communications has entered into a definitive agreement to acquire the remaining interest in Unite Private Networks (UPN). The company leveraged the E-Rate program to build small pockets of fiber in a wide range of communities, including a bunch in Oklahoma, before moving into the metro and regional fiber markets more broadly in recent years. They have also been quite busy in Colorado’s Front Range area and in Dallas. They have a very deep network in eastern Nebraska, and have been building out extensively in Iowa over the last year or two. Unite Private Networks operates metro and regional fiber networks around the country, but especially within the triangle between Chicago, Dallas, and Denver. They have made a strategic investment in Unite Private Networks, becoming a major shareholder alongside Ridgemont Equity Partners and the company’s management team.
Unless otherwise indicated, attorneys at Eversheds Sutherland (US) LLP are not certified by the Texas Board of Legal Specialization.Late yesterday, the cable operator Cox Communications made a significant move deeper into the world of metro and regional fiber. Cox Communications plans to bring UPN together with Coxs Segra assets to create a new. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.ĪTTORNEY ADVERTISING - Prior results do not guarantee a similar outcome. Cox acquires fiber provider Unite Private Networks image-icon. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed, affiliated and member firms (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world.
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