Fiber M&A: Wave Buys Spectrum, CondoInternet

September 13th, 2013 by · 2 Comments

Up in the Pacific Northwest there was a bit of fiber consolidation yesterday. Wave Division Holdings has acquired Spectrum Networks and its subsidiary CondoInternet, adding yet more depth to their network in and around Seattle.

Spectrum NetworksI say more because this deal comes just a week shy of a year since Wave bought Black Rock Cable, which operated a dense fiber network in three counties to the north of the city. Wave has been assembling quite a powerful set of regional assets lately, I wonder what they have in mind for an encore.

Spectrum operates metro and regional fiber between the Canadian border and Silicon Valley with a focus on Seattle, serving the wholesale and enterprise markets. CondoInternet handles the consumer side, serving apartments and condos in Bellevue and downtown Seattle with gigabit connections.

Both businesses fit well with Wave's overall stance, which also has both a consumer and business angle. The combined company will have more resources with which to push forward. Wave says they'll be taking on all of the employees of both companies, although I'm sure there are some synergies coming somewhere in there.

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Categories: Mergers and Acquisitions · Metro fiber

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