Atlantic Broadband has signed a definitive agreement to purchase FiberLight's entire south Florida fiber network. Upon completion of the agreement, Atlantic Broadband will add approximately 350 route miles to its existing south Florida footprint, more than doubling its existing fiber footprint in the region.
This acquisition, which is subject to customary regulatory approvals and expected to close within six months, is intended to allow Atlantic Broadband to accelerate its effort to expand fiber-delivered business services in the corridor from downtown Miami to North Palm Beach. As part of the transaction, Atlantic Broadband has purchased dark fiber capacity from FiberLight to enable the company to begin offering business communication solutions across the entire network footprint almost immediately.
"With interconnections to every major data center and nearly 200 on-net buildings throughout South Florida, acquiring FiberLight's high quality and high capacity fiber network will cement our position as a leading provider of business communications services in south Florida," said David Isenberg, Atlantic Broadband president and chief revenue officer. "We look forward to playing an even greater role in supporting and enabling the innovation and economic growth that has characterized this region."
"We are pleased to forge a new partnership with Atlantic Broadband to enable the expansion of their business in the greater Miami market, while at the same time, allowing FiberLight the opportunity to re-invest in our Texas and Northern Virginia markets which are experiencing significant growth," said Don MacNeil, FiberLight CEO.
After the recent completion of the MetroCast acquisition earlier this month, and the addition of fiber assets from the FiberLight deal, Atlantic Broadband has doubled its network coverage and now operates a network that covers 7,000 route miles and 25,000 on-net buildings from Maine to south Florida.
