Two weeks ago, ABRY Partners completed its acquisition of RCN Metro and separated it from the consumer/SME business as planned. Since the company is no longer part of the RCN world, it comes as no surprise that they have chosen to rebrand themselves. Today the company relaunched itself as Sidera Networks. I have gone through my maps pages to account for the change, but I'm sure there will be spots I have missed.
According to the PR, 'sidera' is latin for constellation, which dovetails nicely with the stars RCN has always used to denote metro networks on its regional fiber map. Makes sense for this sort of asset I guess, though I have to admit the three years of Latin I took in high school didn't help me remember the meaning right off the bat.
Now the question becomes, what will Sidera Networks do with its newfound independence? Will ABRY fund a more aggressive expansion than its former, less well endowed parent could? Might it cease to limit itself to RCN's current geography? Hmmm, I'll see if I can find out more about their new stance.Mergers and Acquisitions · Metro fiber