September 14, 2010

Lightower Fiber Networks to Acquire Lexent Metro Connect

Lightower Fiber Networks has announced it is acquiring Lexent Metro Connect, a provider of custom-built dark fiber networks, headquartered in New York, NY. With the acquisition of Lexent, Lightower expands its existing fiber footprint and customer base in the greater New York City region, including New Jersey. The addition of Lexent will add over 150 fiber route miles and over 200 commercial buildings to Lightower’s growing network. Lightower also adds low latency routes between critical New York City and New Jersey financial exchanges and data centers.

Lightower’s current network is comprised of over 4,600 fiber route miles throughout Massachusetts, New Hampshire, Rhode Island, Connecticut, New Jersey, and New York including New York City. The Lexent network includes 150 route miles of fiber throughout New York City and New Jersey.

Lightower currently offers solutions comprised of Ethernet, dark fiber, WDM wavelengths, Internet access, SONET, and collocation services. Lexent currently offers custom dark fiber solutions.

Terms of the deal were not disclosed. The transaction is subject to regulatory approval and is expected to close in Q4 2010.