Qwest buys OnFiber
NetworkWorld.com, 05/16/06
Qwest said it will acquire privately held OnFiber Communications, a provider of managed metropolitan Ethernet and wide-area network services, for $107 million.
OnFiber specializes in high-bandwidth fiber services serving primarily large businesses and government institutions. The company operates an optical network in 23 metropolitan areas offering access and transport services, including Ethernet, SONET and wavelength.
Qwest said OnFiber will enhance its out-of-region coverage and reduce its third-party access costs. Qwest currently provides similar optical services to metropolitan areas within its 14-state operating region.
Qwest said it would look to make smaller, targeted acquisitions to build up its business service portfolio since failing to acquire MCI in a bidding war with Verizon.
-- Jim Duffy
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