There was some interesting metro fiber M&A this week along the eastern seaboard of the US. Fiberlight has found a means to expand its footprint in Virginia, signing a definitive agreement to acquire Metro Fiber Networks.
Metro Fiber Networks operates dedicated fiber networks in both Richmond and Virginia Beach, including a high capacity route to the cable landing station where the MAREA, BRUSA, and Dunant cable systems come ashore. The Confluence-1 cable system is expected to join them sometime next year. MFN’s route crosses York River and Hampton Harbor to provide the lowest latency route to the Richmond metro area and on to the data center metropolis of northern Virginia.
 |
 |
The assets complement Fiberlight’s existing footprint in northern and central Virginia, adding reach to the south on the way to markets like Charlotte and Myrtle Beach, as well as Atlanta beyond that. Fiberlight has not historically been acquisitive, but times are changing. We had CEO Bill Major on here recently for a Q&A in which he repeated his expectation of consolidation in the regional fiber space.
Financial details were not disclosed, and the deal is expected to close later in Q2. Fiberlight has been owned by Morrison since 2022.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!
Categories: Industry Spotlight · Mergers and Acquisitions · Metro fiber
Join Our LinkedIn Group
PNW on The Bear Has a Book: Bandwidth to Drop Soon!: “I worked for a short time as a GM for Zayo, reporting to one of his managers Glenn which was…” Apr 16, 14:16
Discuss this Post