MetroNet Expands Fiber Network with Strategic Acquisitions and Deals

MetroNet Communications Corp. made significant moves to expand its fiber network by acquiring Starcom Service Corp.'s intercity fiber route connecting Vancouver, BC with Seattle. The purchase includes 48 fiber strands along a 300-kilometer route, as well as all necessary SONET and IP equipment. Concurrently, MetroNet announced indefeasible rights of use agreements with PSINet, Teleglobe, and B.C. Telecom, securing rights to 24 of the 48 strands.

MetroNet's acquisition and agreements position the company to enhance its fiber network, catering to growing demand for high-speed data services. The expansion also enables MetroNet to tap into the increasing need for reliable connectivity between major cities in North America.

Key Takeaways:

• MetroNet acquired Starcom Service Corp.'s intercity fiber route connecting Vancouver, BC with Seattle for $24 million in cash and stock.
• The purchase includes 48 fiber strands along a 300-kilometer route and all necessary SONET and IP equipment.
• MetroNet secured indefeasible rights of use agreements with PSINet, Teleglobe, and B.C. Telecom for 24 of the 48 strands.
• The agreementsposition MetroNet to enhance its fiber network, catering to growing demand for high-speed data services.
• MetroNet's expansion enables the company to tap into the increasing need for reliable connectivity between major cities in North America.

Statistics:

• 48 fiber strands were acquired by MetroNet as part of the purchase from Starcom Service Corp.
• The purchase includes a 300-kilometer route.
• MetroNet secured agreements with PSINet, Teleglobe, and B.C. Telecom for 24 of the 48 strands.
• The deal is valued at $24 million in cash and stock.

Sources:

• http://www.metronet.ca
• http://www.qwest.com
• http://www.wrdp.com