High Point, North Carolina – (BUSINESS WIRE) – Lumos, a leading 100% Fiber Optic Internet and Total Home Wi-Fi service provider in the Mid-Atlantic, today announced an investment of over $50 million in Johnston and Harnett County, North Carolina, to…
Private equity firms have been investing heavily in broadband providers in recent years, typically infusing cash into their acquisitions to expand operations, increase the company’s value and then do an initial public offering or sell the company at a profit…
Regional operator Lumos has received franchise approvals from the Virginia cities of Chesapeake, Portsmouth and Virginia Beach to deploy broadband fiber capable of cumulatively serving as many as 85,000 residents and small businesses. The deployment will consist of almost 900…
Regional operator Lumos will deploy a fiber broadband network to serve about 35,000 addresses in Durham and Orange counties, North Carolina. The company is making an investment of about $50 million in the project, which will feature more than 600…
The Lumos brand will now apply to both Lumos Networks and NorthState – the regional carrier owned by EQT Infrastructure that has been operating as a single company with two separate brands. The new company has dropped ‘Networks’ from its…
Regional operator Lumos Networks will bring fiber broadband to almost 85,000 homes and businesses in the Tidewater region of Virginia, the company announced today. Lumos intends to serve Tidewater communities located in Virginia Beach, Chesapeake and Portsmouth. The expansion includes…
Lumos Networks is expanding its Virginia fiber footprint with the addition of 12,000 homes and businesses in five communities. The project, which the company says will be completed by the end of next year, will bring an all-fiber network to…
WAYNESBORO, Va. & HIGH POINT, N.C.–(BUSINESS WIRE)–Today, Lumos Networks and NorthState embark on a bold growth plan as a stand-alone company with the continued financial support of EQT Infrastructure. The growth strategy includes expanding into new communities, cementing its premiere…
The Virginia Telecommunication Initiative (VATI) has awarded a $1.36 million broadband grant to service Botetourt County and service provider Lumos to cover some costs of a fiber project that will bring high speed Internet to 548 addresses, including 30 businesses….
When private equity firm EQT bought Lumos, NorthState and another company, changing the name to Segra., the Segra strategy seemed to be to
Segra announced today the closing of its acquisition of NorthState. The transaction was first announced back in December 2019. At the time of the announcement, the deal had an enterprise value of $240 million. North Carolina based NorthState operates both…
Lumos is deploying XGS-PON to enable business customers to get symmetrical broadband speeds of 2 Gbps, 4 Gbps or 8 Gbps. Four Virginia markets will have service available this week, and in an interview with Telecompetitor, Lumos General Manager and…
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