Berkshire Partners agreed to buy and merge fiber...
Berkshire Partners agreed to buy and merge fiber providers Lightower Fiber Networks and Sidera Networks. The $2 billion deal will result in a combined fiber network of more than 20,000 route miles in the Northeast, Mid-Atlantic and Midwest, Lightower said…
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Thursday. Lightower investor Pamlico Capital and Sidera investor ABRY Partners will retain undisclosed ownership stakes in the new Lightower. Current Lightower CEO Rob Shanahan will remain head of the merged company, Lightower said (http://xrl.us/bn77ik).