I missed it on Monday, but FPL FiberNet has made a rather interesting move westward into Texas by purchasing the longhaul network assets of Grande Communications. The thing about the fiber divisions owned by energy companies is that they tend not to make moves outside their home turf, except I guess for FPL. Actually, I did hear a casual rumor last fall that there was something happening with FPL Fibernet and Texas, but I had been looking at Alpheus and hadn't known Grande was putting those assets up for sale. And if I had known, FPL Fibernet still would probably not have topped my list of likely buyers. Just shows how much I know, eh?
So FPL FiberNet now owns some 2,900 miles of longhaul fiber connecting the major cities in Texas with connectivity to the neighboring states of Louisiana, Arkansas, and Oklahoma. Also picked up in the deal are metro loops in Dallas, San Antonio, Laredo, and Houston.
These network assets are currently unconnected to FPL FiberNet's main footprint in Florida plus Atlanta. However, I can't help but think that they might have plans to fill that hole as well. They could do it easily enough with dark fiber of some sort, but if they're feeling still more acquisitive then there's a better target. The somewhat reclusive outfit Southern Light Fiber operates a large pile of fiber along the Gulf Coast that would fit rather well.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Mergers and Acquisitions · Metro fiber