Fiber-based network provider Segra has acquired Everstream’s all-fiber network in the St. Louis metropolitan area.
The newly acquired network will connect to Segra’s southeast and midwest neworks. In all, the acquisition of Everstream’s assets increases Segra’s network by almost 1,000 route miles.
Terms of the transaction were not disclosed. Everstream’s customers immediately gained access to Segra’s national network and service offerings, the announcement says.
Segra was acquired by Cox Communications in 2021. At the time, Segra featured a 30,000-mile fiber network, more than 10,000 towers, and nine data centers. The deal did not include two local operators — North State and Lumos — which Segra also owned.
“Cox is committed to serving our business customers with comprehensive technology solutions, from fiber networks connecting their locations to managed IT and cloud solutions,” Cox Communications’ president Mark Greatrex said in the announcement. “By acquiring more fiber miles in new markets, we extend our ability to power customers’ innovative operations and fuel their future growth.”
Segra offers IP, Ethernet, dark fiber, and other services. The company merged with Unite Private Networks in July 2023.
In April, 2023, Sega said that it was working with USIgnite on smart city applications in Greensboro, North Carolina. At the time, Segra said it had been supporting infrastructure and innovation in the city’s South Elm Street Corridor during the previous two years.
Before this acquisition of some assets by Segra, Everstream had been in expansion mode at least until a couple of years ago. On April 1, 2022, the company announced that it had secured more than $1 billion in debt financing. The aim was to refinance and fund continued growth and diversification.
The company had grown to almost 27,000 route fiber miles in 2021, an increase of 80% from 2020. That growth was driven by a $600 million investment.
