Crown Castle Inc. has finalized a definitive agreement to sell its Fiber segment, marking a strategic shift to focus on its core tower business. The transaction, valued at $8.5 billion, involves EQT Active Core Infrastructure fund acquiring Crown Castle’s small cells business, while Zayo Group Holdings Inc. will take over the fiber solutions business. The deal is expected to close …
Verizon to acquire Frontier Communications in $20 billion deal, expanding fiber network across 31 states
Verizon said Frontier’s fiber network will enhance its position as the provider of choice in more markets Verizon Communications Inc. announced its agreement to acquire Frontier Communications Parent, Inc. in an all-cash transaction valued at $20 billion this morning. This strategic acquisition will significantly expand Verizon’s fiber network, extending its reach to 25 million premises across 31 states and Washington, …
Five fiber cuts near Florida’s Lion Country Safari resulted in a lawsuit filed by Crown Castle
Near the renowned Lion Country Safari in South Florida, Crown Castle Fiber LLC (Crown Castle) has laid miles of crucial fiber optic cables along the bustling State Road 80. A lawsuit recently filed in the Southern District of Florida reveals a disturbing pattern — underground utility contractor DP Development, LLC (DPD) has not only caused significant damage but has done …
Tillman Fiber will light up Florida with cutting-edge broadband internet access
Tillman FiberCo, LLC, a leader in fiber optic broadband infrastructure, announced the expansion of its 100% Fiber-to-the-Premise (FTTP) network in Florida. Tillman Fiber’s network will serve the Tampa Bay, Panhandle, South and South West, regional areas, including the cities of St. Petersburg, Fort Myers, Naples, Pensacola, Miami, Palm Beach, Ft. Lauderdale, and Kissimmee. In collaboration with a tier-one U.S. mobile operator, Tillman Fiber will deliver symmetrical gigabit broadband internet access …
Crown ‘s California fiber miles increase by 1,900 with Wilcon buy
Crown Castle International Corp. announced today that it has entered into a definitive agreement to acquire privately-held Wilcon Holdings LLC for approximately $600 million from Pamlico Capital and other unit holders of Wilcon. Wilcon is a fiber services provider that owns approximately 1,900 route miles of fiber, primarily in Los Angeles and San Diego. Pro forma for the proposed acquisition, …
NYC says ‘we’re done waiting,’ and sues Verizon over fiber rollout
In correspondence sent to New York City on Friday, Verizon said they were looking forward to “constructive dialog” to resolve the City’s Fios build-out concerns. New York wasn’t as accommodating when it slapped Verizon with a lawsuit on Monday. In a complaint filed in New York State Supreme Court, New York City contends that Verizon is in breach of a …
Wall Street crucifies Dycom over loss of Goodman’s contract backlog
Following the release of Dycom Industries’ Q1 FY2017 earnings report and conference call this morning where President and CEO Steve Nielsen fielded analysts’ concerns about Goodman Networks’ performance, a company that Dycom acquired last July for $107.5 million, Dycom’s stock lost $18.82, closing at $74.13. The 20.25% loss appears to be based upon a number of analysts’ concerns about considerably lower …
West Chicago telecom fiber optic worker electrocuted
Authorities in Sterling, Ill. Are investigating the death of a telecommunications company worker who was electrocuted yesterday while working on fiber-optic cable when the bucket on his truck came into contact with ComED power line. Robert Zulauf, 32, owner of Zucru Communications, was pronounced dead at the scene just before 1 pm., according to the Whiteside County Coroner’s office. Another …
AT&T’s utility pole claims are rebutted by the FCC
The Federal Communications Commission issued a statement Monday related to a lawsuit filed by AT&T (Bell South) against Louisville, Ky., stating that the city’s One Touch Make Ready (OTMR) policy, a pole attachment ordinance, does not conflict with federal regulations. Kentucky is one of 20 states that have certified that they regulate their own pole attachment terms and conditions that …
Telecom contractor’s fiber optics investment scam halted with SEC judgment
The U.S. Securities and Exchange Commission (SEC) and a Minnesota fiber optics company that allegedly defrauded investors of $4.3 million agreed to a partial judgment on Nov. 3, 2015 that bars the company and its CEO, James M. Louks, who was also President of telecom contractor C & L Communications up until 2012, from soliciting or accepting money from investors …
