We have another bit of fiber consolidation to report today. Up in the Pacific Northwest, Wave Division Holdings has struck again with the acquisition of Capacity Provisioning Incorporated (CPI).
CPI operates a fiber network in and around Port Angeles out on the Olympic Peninsula. That's a market where Wave has had a presence on the residential side, and will now have some more fiber to play with. Wave has also renewed CPI's pact with Port Angeles itself through September 2024.
The deal follows Wave's purchases of Black Rock Cable and Spectrum Networks last year, and adds to the company's growing regional and metro fiber footprint. So far they have focused mostly on Washington, but I'll bet they're in the market for more assets in Oregon and northern California if the opportunity should arise. Terms of today's deal were not disclosed.
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