There was a bit of interesting regional fiber M&A yesterday out in the Midwest. Horizon has announced the acquisition of the commercial fiber business of Consolidated Cooperative.
Consolidated Cooperative is an energy utility in central Ohio serving 18K or so consumers. They first built out fiber within its territory in 2009, and more recently added a separate residential fiber business in 2017. It is the former that Horizon is buying, while Consolidated will be keeping the residential business and will no doubt leverage the commercial assets via a relationship with Horizon going forward to power that business as well..
The deal adds 450 route miles of fiber to Horizon's network in the Columbus metro area. More specifically, the network adds new reach to Horizon's footprint throughout much of Delaware, Marion, and Richland counties to the north and northeast of Columbus itself. These are adjacent and complementary to Horizon's current service areas.
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