Lightower Fiber Networks, a leading metro fiber network and bandwidth service provider, announced today that is has completed its previously announced acquisition of Lexent Metro Connect, a leading provider of custom built dark fiber networks, headquartered in New York, NY.
With the acquisition of Lexent, Lightower enhances its fiber density and building access in New York City and New Jersey. This expansion adds over 150 fiber route miles and over 200 commercial buildings to Lightower’s existing network. The acquisition also adds low latency and ultra low latency routes between critical financial exchanges and data centers in the region.
“Lexent’s locally dense network complements our existing network assets in the New York City region. With these enhancements, Lightower is now the premier fiber network in the area and will be able to better accommodate our customers’ needs by offering exclusive routes and increased optimization for ultra low latency solutions,” stated Lightower President and CEO Rob Shanahan.
The combined network in the New York City area includes all fiber connectivity between key financial interconnectivity centers including:
The addition of Lexent’s extensive and regionally dense fiber-optic network will provide Lightower customers with more fiber routes and access to additional commercial buildings.
Lexent customers gain access to all Lightower network services as well as all Lightower service locations. Lightower currently offers solutions comprised of Ethernet, dark fiber, WDM wavelengths, Internet access, SONET, and collocation services.
Lightower Fiber Networks is backed by M/C Venture Partners, Pamlico Capital, and Ridgemont Equity Partners. In 2007, M/C Venture Partners and Pamlico Capital together acquired Lightower. In 2008, Lightower acquired DataNet Communications and Keyspan Communications. Earlier in 2010 Lightower acquired Veroxity Technology Partners.