Fiber Optic Network Provider Sold for $1.4 Billion
12/6/2016
VANCOUVER, Wash. (AP) — The Vancouver-based fiber optic network provider Electric Lightwave has sold to a Colorado company for $1.42 billion.
The Columbian reports (http://bit.ly/2gILXzg ) that telecom infrastructure company Zayo Group announced the purchase on Wednesday and the deal is expected to close in the first quarter of 2017.
Electric Lightwave was a division of Integra Telecom until August, when the companies split into two sister companies and laid off 10 percent of staff. Electric Lightwave has 587 employees in Washington and more than 1,000 employees in Total.
It’s unclear what will happen to employees still working for Electric Lightwave.
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