In The News

Atlantic Broadband To Acquire All Assets of FiberLight, LLC’s South Florida Fiber Network

  • Source: Telecom Reseller
  • Date: Thu, 01/25/2018

Acquisition of Proven Fiber Network Significantly Expands Company’s Reach for Enterprise and Carrier-level Services

QUINCY, Mass., January 25, 2018 – Atlantic Broadband, the nation’s 9th largest cable operator has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. 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.

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Atlantic Broadband To Acquire All Assets of FiberLight, LLC’s South Florida Fiber Network

  • Source: Telecompetitor
  • Date: Thu, 01/25/2018

January 25, 2018 — QUINCY, Mass.–(BUSINESS WIRE)–Atlantic Broadband, the nation’s 9th largest cable operator has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. 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.

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Atlantic Broadband To Acquire All Assets of FiberLight’s South Florida Fiber Network

  • Source: City Biz List
  • Date: Thu, 01/25/2018

QUINCY, Mass.--(BUSINESS WIRE)--Atlantic Broadband, the nation's 9th largest cable operator has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. 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.

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Atlantic Broadband to Acquire FiberLight's South Florida Network

  • Source: LightReading
  • Date: Thu, 01/25/2018

QUINCY, Mass. -- Atlantic Broadband, the nation's 9th largest cable operator has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. 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.

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Atlantic Broadband to acquire FiberLight's South Florida Network

  • Source: Telecom Paper
  • Date: Thu, 01/25/2018

Atlantic Broadband entered a definitive agreement to purchase the entire South Florida fibre network from FiberLight, an industry specialist in providing high-performance fibre-optic network products. Upon completion of the agreement, Atlantic Broadband will add approximately 350 route miles to its existing South Florida footprint, more than doubling its existing fibre footprint in the region. The deal is subject to customary regulatory approvals and expected to close within six months.

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Atlantic Broadband to Buy FiberLight’s South Florida Fiber Network

  • Source: CED Maagizine
  • Date: Thu, 01/25/2018

Atlantic Broadband has inked a deal to acquire all of FiberLight’s South Florida fiber network, more than doubling the cable operator’s fiber footprint in the region.

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From CenturyLink to FirstLight: Charting the top 13 fiber buyers in 2017

  • Source: Fierce Telecom
  • Date: Thu, 01/25/2018

Whether it was CenturyLink buying Level 3, Crown Castle buying Lightower or regional operator Atlantic Broadband acquiring dark fiber assets from FiberLight, the year 2017 showed that fiber is valuable to a diverse set of service providers.

In this report, we consider two key metrics on publicly available information gathered from fiber service providers:

Fiber Route Miles: These are measured by the conduit length. Route miles are different from fiber miles, which is the number of route miles in a network multiplied by the number of fiber strands within each cable on the network.

Financial: We also looked at the cash amount of each fiber deal, which most providers disclosed publicly, while others like FirstLight and Logix did not.

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Atlantic Broadband Completes $1.4B Purchase of MetroCast

  • Source: Commercial Engineering & Design
  • Date: Mon, 01/08/2018

Atlantic Broadband last week closed on its $1.4 billion purchase of MetroCast Cable systems.

Previously owned by Harron Communications, MetroCast systems pass about 236,000 homes and businesses in Main, Maryland, New Hampshire, Pennsylvania, and Virginia. When the deal was announced in July, MetroCast served about 120,000 internet, 76,000 video, and 37,000 telephone customers.

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Atlantic Broadband Completes Purchase of Metrocast Cable Networks

  • Source: Lightwave Online
  • Date: Mon, 01/08/2018

Cogeco Communications Inc. (TSX: CCA) said its Atlantic Broadband subsidiary has completed the purchase of cable systems owned by Harron Communications, L.P. and operating under the MetroCast brand name.

Atlantic Broadband paid a $1.4 billion purchase price for the assets, which came through $1.85 billion of secured debt via a combination of term loan B and revolving credit facility financing's, says the company. Additionally, it raised a $315 million equity investment by Caisse de dépôt et placement du Québec (CDPQ) for a 21% interest in Atlantic Broadband's holding company. These proceeds were used not only to finance the purchase price, but also to refinance Atlantic Broadband's existing debt, says Cogeco.

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Cogeco Acquires Metrocast

  • Source: Southern Maryland Online
  • Date: Mon, 01/08/2018

Montréal, Québec and Quincy, MA, January 4, 2018 – Cogeco Communications Inc. (TSX: CCA) announced today that its subsidiary Atlantic Broadband has completed the acquisition of cable systems owned by Harron Communications, L.P. and operating under the MetroCast brand name (“MetroCast”).

Atlantic Broadband raised US$1.85 billion of secured debt through a combination of term loan B and revolving credit facility financings as well as US$315 million of equity through an investment by Caisse de dépôt et placement du Québec (“CDPQ”) for a 21% interest in Atlantic Broadband’s holding company. These proceeds were used to finance the US$1.4 billion purchase price and to refinance Atlantic Broadband’s existing debt.

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