FirstLight, a provider of fiber-optic data, Internet, data center, cloud computing and unified communications services, has signed a definitive agreement to acquire certain fiber assets of DFT Communications.
This transaction includes only a portion of DFT Communications’ fiber network. It involves a fiber route that runs from Hamburg to Jamestown, enhancing FirstLight’s fiber network in Western New York and providing a third, unique route from Buffalo, New York. As part of the transaction, FirstLight will provide bulk communications services to support DFT’s infrastructure needs. Financial terms of the deal were not disclosed.
“The companies have worked together for many years, leveraging each other’s capabilities and strengths,” said Kurt Van Wagenen, President and CEO of FirstLight. “This transaction will provide direct access to the underlying infrastructure in order to better position FirstLight to continue to expand its capabilities throughout this region.”
The Beckage Firm served as legal counsel to DFT in connection with this transaction. Morgan, Lewis & Bockius LLP served as legal counsel to FirstLight. The transaction is expected to close in the third quarter of 2020, following the satisfaction of customary regulatory approvals.
“This transaction is beneficial to DFT, its customers and stakeholders,” said Mark R. Maytum, President and COO of DFT Communications. “It allows us to focus on our core business and operations while maintaining access to the network connectivity we need, managed by a provider we have come to know and trust.”
FirstLight, headquartered in Albany, New York, provides fiber-optic data, Internet, data center, cloud and voice services to enterprise and carrier customers throughout the Northeast connecting more than 9,000 locations in service with more than 30,000 locations serviceable by our more than 20,000-route mile network. It offers a suite of advanced telecommunications products featuring a comprehensive portfolio of high bandwidth connectivity solutions including Ethernet, wavelength and dark fiber services as well as dedicated Internet access solutions, data center, cloud and voice services.