The eastern seaboard has a new regional infrastructure name to remember. Lumos Networks and Spirit Communications have announced a rebranding under the name Segra.
Both companies were bought over the last 18 months by EQT Partners, which has since moved to integrate the two companies' operations. Hence the name change doesn't come as a big surprise to anyone, and the bigger question is what Segra might have planned next.
Segra begins its fresh start with infrastructure spanning 21,000 route miles and connecting 9,000 on-net locations in nine states from the Lake Erie shoreline of Pennsylvania to the southern hospitality of Savannah, Georgia. It's a footprint that feels like it wants nothing more than to stretch out and touch the hubs of New York, Chicago, and Miami, and I rather doubt that EQT isn't looking at its options in each of those directions.
But there are many markets within the current footprint that Segra can invest further in, so that may be the priority for a while yet. The RLEC pieces of Lumos will continue to operate under the name Lumos Networks, and is probably still a candidate for monetization at some point just as it has been for some time.
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