Berkshire Partners plans $2B fiber network merger
12/27, 1:33pm
Lightower Fiber Networks and Sidera to merge
Private equity firm Berskhire Partners announced today that it plans to acquire controlling shares the two largest fiber network providers in the United States, with the ultimate aim of merging the two firms. Lightower Fiber Networks and Sidera Networks are in Berkshire's sights, and the holding company values the merger of the two infrastructure providers at more than $2 billion. The resulting entity would operate a fiber network stretching 20,000 miles and connecting 6,000 locations.