Cox To Buy Segra’s Commercial Fiber Business

Cox has agreed to purchase the commercial enterprise and carrier business of fiber company Segra from private equity company EQT Infrastructure. Terms of the deal were not disclosed, although some published reports put the value of the deal at around $3 billion. Segra, based in Charlotte (NC), is one of the largest privately-held infrastructure providers in the country. As part of the deal, EQT will retain Segra’s residential and small-to-medium sized business segment in Virginia and North Carolina. Cox will acquire Segra’s commercial services segment, which serves commercial enterprise and carrier customers in nine states in the Mid-Atlantic and Southeast. Once the deal is closed, the enterprise and carrier unit will retain the Segra name and its existing management team, operating as a standalone business within the Cox family of companies.