FirstLight Fiber to Acquire Finger Lakes Technologies Group
FirstLight Fiber, a leading fiber-optic bandwidth infrastructure services provider operating in the Northeast, will acquire Finger Lakes Technologies Group, a subsidiary of Trumansburg Telephone Company. FLTG provides data, Internet and voice solutions to business customers in New York and Pennsylvania through its fiber network. FirstLight recently announced similar transactions with Oxford Networks and Sovernet Communications.
The decision to acquire Finger Lakes Technologies further positions FirstLight as one of the leading fiber optic communications providers in the Northeast. The transaction will merge FLTG’s privately owned fiber optic network, which spans nearly 2,500 route miles in New York state and Pennsylvania, with FirstLight’s more than 9,500 route mile fiber network and complete portfolio of data, Internet, data center, cloud, and voice services, backed by strong, locally-based service and support. FirstLight will offer increased fiber density in the Upstate New York area, and expand its services in the Northern Pennsylvania region.
“As a technology provider, value added reseller, and Cisco Premier Certified Partner, our company has taken much pride in developing custom communications and data networking solutions to meet customers’ specific business needs,” FLTG President and CEO Paul H. Griswold. “This opportunity brings forth added capabilities to our clients, and allows us to enhance our services. FirstLight shares our steadfast commitment to our customers and focus on building lasting customer relationships. Together, we anticipate a productive and successful future.”
The transaction is expected to close in the third quarter of 2017, following the satisfaction of customary regulatory and shareholder approvals. Financial terms of the transaction weren’t disclosed.
To read the full release, please visit HERE.