Lightower Fiber Networks to Merge With Sidera Networks

Lightower Fiber Networks to Merge With Sidera Networks

BOXBOROUGH, MA and NEW YORK, NY — (Marketwire) — 12/27/12 — , the premier metro fiber and bandwidth provider in the Northeast, and , the leading provider of tailored, high-capacity communications services to large enterprise, carrier and data center customers, announced that they have signed a definitive agreement for a transaction valued at over $2 billion led by Berkshire Partners, a Boston-based investment firm, and management, to acquire and merge both companies. M/C Partners and Pamlico

Oi-s International Subsidiary Provider of Submarine Capacity, GlobeNet, Upgrades Its Submarine Fiber Optic Cable System Capacity to Over 1.2 Tbps and Completes 100G Tests

Oi-s International Subsidiary Provider of Submarine Capacity, GlobeNet, Upgrades Its Submarine Fiber Optic Cable System Capacity to Over 1.2 Tbps and Completes 100G Tests

Addressing International Capacity Demand Throughout the Americas, GlobeNet More Than Doubles Its Lit Capacity Over Its Four Fiber Pair Cables With the Latest 40Gbps/Wave DWDM Technology and Successfully Completes Trials With Multiple 100G Technology Vendors, Demonstrating Its Capability to Carry More Than 12 Tb/s Capacity — Representing Over Ten Times the Initially Planned Design of the GlobeNet Subsea Cable System