Altafiber has agreed to acquire the broadband infrastructure assets of Bridgewired, LLC, a Waynesville, Ohio-based company that operates a fiber optic network delivering gigabit Internet speeds to locations in portions of Warren County, Greene County, and Clinton County. The deal is expected to close sometime in the third quarter.
Altafiber, formerly Cincinnati Bell, has been expanding and upgrading its network quite aggressively since it was acquired by Macquarie Infrastructure.
The Bridgewired deal calls for Altafiber to acquire Bridgewired’s existing customer base, while Bridgewired will provide certain management services to altafiber under a transition services agreement to be entered into at closing.
Altafiber has invested more than $1.5 billion into its fiber network, which now reaches about four-fifths of greater Cincinnati addresses. The acquisition of Bridgewired complements altafiber’s ongoing fiber expansion in Warren, Greene and Clinton Counties in Ohio.
Another recent altafiber acquistion was Agile Network Builders, LLC, the Canton, Ohio-based company that leases wireless infrastructure assets to third parties and provides connectivity through hybrid fiber wireless data networks in Ohio, West Virginia, Indiana, Kentucky and Pennsylvania.
Agile, formerly a subsidiary of American Tower Corporation, designs, builds and manages wireless infrastructure assets and data networks. It utilizes data centers, communication towers, fiber, and wireless technology to deliver middle mile, last mile, and campus connectivity for public safety entities, cellular carriers, and rural Internet Service Providers.
Of the Bridgewired acquisition, altafiber consumer and small business president Jason Prater said in a prepared statement, “The Bridgewired team shares our commitment to delivering an outstanding customer experience and increasing digital equity in the areas we serve through broadband connectivity. We look forward to building on the strong foundation Bridgewired has established and increasing access to gigabit Internet to consumers and businesses in Warren County, Greene County, and Clinton County.”