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In a news release dated February 22, 2016, Verizon announced plans to acquire XO Communications' "fiber-optic network business." [3] [4] In 2017, Verizon completed its $1.8 billion acquisition of XO Communications. [5] [6] As of summer 2020 all XO services have been migrated to Verizon.
In March 2000, its stock reached a price $1,305 per share, but by 2002 the price had declined to $2 a share. [4] Blue Coat Systems (formerly CacheFlow): Its stock price rose over 400% on its first day of trading in November 1999. Boo.com: An online clothing retailer, it spent $188 million in just six months. It filed for bankruptcy in May 2000. [5]
360networks, Inc. was a Canadian-based wholesale telecommunications carrier. The company developed many long-haul fiber optic communications network routes throughout North America, many along railroad rights of way, consisting of both dark fiber and lit fiber.
In November 2017, Zayo purchased Spread Networks, a company that operated an 825-mile-long fiber route connecting New York and Chicago. [33] In January 2018, Zayo announced they would be acquiring Optic Zoo Networks, a Vancouver, BC based fiber operation. [34] In May 2019, Zayo announced an agreement to be acquired by EQT AB and Digital Colony.
Charlotte-based fiber optic service company Segra, part of MTN Infrastructure TopCo Inc., acquired North State in a $240 million deal completed May 19, 2020. [16] At the time NorthState provided service to a 600-square-mile (1,600 km 2 ) area that includes High Point, Thomasville , Archdale , Randleman , Jamestown , Trinity and parts of ...
Spread Networks is a company founded by Dan Spivey and backed by James L. Barksdale (former CEO of Netscape) that claims to offer Internet connectivity between Chicago and New York City at ultra-low latency (i.e. speeds that are very close to the speed of light), high bandwidth, and high reliability, using dark fiber.
Fiber to the office (FTTO) is an alternative cabling concept for local area network (LAN) network office environments. [1] It combines passive elements ( fibre optic cabling , patch panels, splice boxes, connectors and standard copper 8P8C patch cords) and active mini-switches (called FTTO switches) to provide end devices with Gigabit Ethernet ...
It initially focused on 'one-hop' internet connectivity and providing dark fiber to communications carrier customers in the U.S. and Europe. Abovenet Communications became a public company via an initial public offering in December 1998 and soared 32% in one day in March 1999 during the dot-com bubble after announcing a stock split. [2]
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