Up in the Pacific Northwest we have the rumor of a bit of pre-Christmas network M&A. According to sources, Wave is making its third acquisition of the year. Although there has been no formal announcement just yet, the regional operator is apparently acquiring Cascade Networks.
Cascade operates a 350 mile fiber network aimed at both the residential and business markets in communities around Longview, Washington. That’s between the larger markets of Seattle and Portland and mostly along the final stretch of the Columbia River. If true, the acquired footprint meshes interestingly with Wave’s other acquisitions this year of CoastCom and SawNet, filling in more of the gaps along the coast for Wave’s regional coverage.
Wave has been steadily acquiring network assets along the west coast over the last few years. In September they raised additional funds to continue that expansion, and hence this acquisition rumor isn’t much of a surprise.
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