In The News

CONTERRA NETWORKS COMPLETES ACQUISITION OF GULF COAST REGIONAL FIBER-OPTIC PROVIDER

Transaction Increases Company’s Fiber Network to Approximately 10,000 Miles

 Charlotte, North Carolina—April 9, 2018:  Conterra Ultra Broadband Holdings, Inc. (“Conterra Networks”) announced today it has completed its previously announced acquisition of affiliated companies, Network USA, L.L.C. and Sun America Communications, LLC (combined, “Network USA”). Both companies are Louisiana-based regional fiber-optic network services businesses.

The completion of this transaction reinforces Conterra Networks’ position as a major fiber-optic service provider in the Gulf Coast and East Texas region. The acquisition adds nearly 3,000 route miles of fiber and increases Conterra Networks’ national fiber presence to approximately 10,000 miles further strengthening the company’s position as one of the largest independent providers of fiber-based network services.

“Our integration efforts are proceeding well ahead of schedule and we continue to find additional operational and network synergies, “commented Conterra Networks’ President and Chief Operating Officer, Craig Gunderson. “We have accelerated the merging of the two organizations to fully leverage the human capital and capabilities of both companies. The combined company will accelerate growth and strengthen Conterra Networks’ competitive position in the region.”

Network USA is a rapidly growing builder, owner, and operator of facilities-based lit and dark fiber primarily in Louisiana and East Texas with a successful operating history of nearly two decades. Network USA serves the same industry customer segments as Conterra Networks: wireless and landline carriers, healthcare organizations, government and mid-sized as well as Fortune 500 enterprises.

Conterra Networks is one of the largest remaining independent broadband infrastructure companies in the United States based on its fiber assets and revenues. The company is majority owned by Court Square Capital, a private equity firm with approximately $4 billion of assets under management, with the remaining ownership largely held by Conterra Networks’ management team. The company’s other institutional financial partners include Toronto Dominion Bank, CoBank, Bank of America, ING Capital, Fifth Third Bank, Regions Bank, and Webster Bank. Terms of the transaction were not disclosed.

 
Media Contacts:
Eric Burgess, Chief Financial Officer   Craig Gunderson, Chief Operating Officer
709-936-1810                                      704-936-1812
eburgess@conterra.com                    cgunderson@conterra.com

 

CONTERRA TO ACQUIRE GULF COAST REGIONAL FIBER-OPTIC PROVIDER

Transaction To Increase Company’s Fiber Operations to More Than 9,500 Miles

Charlotte, North Carolina—January 29, 2018:  Conterra Ultra Broadband Holdings, Inc. (“Conterra”) today announced the signing of an agreement to acquire affiliated companies, Network USA, LLC and Sun America, LLC (combined, “NUSA”), both Louisiana-based regional fiber-optic network services businesses.

This transaction will increase Conterra’s fiber presence by nearly 3,000 miles in two of its largest operating states, Louisiana and Texas, expanding its regional fiber footprint throughout the Gulf Coast/East Texas region and providing entry into two new states: Arkansas and Mississippi.  The NUSA fiber network is complementary to the assets of Conterra’s previously announced acquisition of Detel Communications, another significant Louisiana-based fiber-optic network services provider.

“This is another important competitive enhancement for Conterra as we densify our infrastructure in existing commercial markets and increase our fiber network connectivity and regional service offerings,” commented Conterra’s Chairman and Chief Executive Officer, Steve Leeolou. “This acquisition will connect and expand Conterra’s existing networks in the Gulf Coast/East Texas region, while simultaneously adding management, operational and product portfolio depth in dozens of communities in this part of the country,” added Mr. Leeolou.

Network USA is a rapidly growing builder, owner and operator of facilities-based lit and dark fiber primarily in Louisiana and Texas with a successful operating history of nearly two decades.  NUSA serves the same industry customer segments as Conterra:  wireless and landline carriers, healthcare organizations, government and mid-sized as well as Fortune 500 enterprises.

“Our team is really excited to become part of Conterra.  Our service area in Louisiana and East Texas is a great strategic fit and our fiber assets in Arkansas and Mississippi will provide Conterra immediate access to new markets,” said James Davis Network USA’s president. “The combined network assets of our two organizations will significantly benefit our existing customers by enabling new technical capabilities and opening new growth opportunities including alternative transport options for wholesale carriers,” noted Mr. Davis.

Conterra is one of the largest remaining independent broadband infrastructure companies in the United States based on its fiber assets and revenues.  The company is majority owned by Court Square Capital Partners, a private investment firm with approximately $6 billion under management, with the remaining ownership largely held by Conterra’s management team.  The company’s other institutional financial partners include Toronto Dominion Bank, CoBank, Bank of America and ING Capital.  Terms of the transaction, which is subject to pending regulatory approvals, are not being disclosed.

CONTERRA HIRES FIBER INDUSTRY VETERAN AS PRESIDENT & CHIEF OPERATING OFFICER

Craig Gunderson is former Chief Executive of Oxford Networks

 Charlotte, North Carolina—May 31, 2017:  Conterra Ultra Broadband Holdings has announced the hiring of Craig S. Gunderson as its President & Chief Operating Officer.  In his new role, Mr. Gunderson will be responsible for the day-to-day operations and consolidated financial results of the Company.  He will report to the Company’s Chairman and Chief Executive Officer, Stephen Leeolou.  After an appropriate transition period, Conterra’s Executive Vice President of Operations and Technology, Dennis Francis, will be retiring from day-to-day responsibilities but will remain an active advisor to the Company.

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FIBER INDUSTRY VETERAN HURLEY JOINS CONTERRA’S BOARD OF DIRECTORS

Charlotte, NC—February 28, 2017: Conterra Ultra Broadband Holdings, Inc. today announced that fiber industry veteran Michael Hurley is joining the company to serve on its Board of Directors.

Mr. Hurley was a member of the founding team at Fibertech Networks where he was Senior Vice President of Sales and Marketing with responsibility for the company’s carrier and enterprise sales/revenue growth from its inception in 2000 through Fibertech’s merger with Lightower in 2015. After the merger, Mr. Hurley served as Lightower’s President, Wholesale Solutions & Rochester Region, until February 2016. He now owns and operates a telecommunication advisory firm. Prior to co-founding Fibertech, Mr. Hurley held various sales positions at MCI, Frontier Corporation and New England Telephone.

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Conterra Announces Completion of Fiber Optic Network for West Contra Costa Unified School District

High-Speed Fiber Optical Broadband Service to 62 School Sites

 Charlotte, NC, and Richmond, CA; February 23, 2017- Conterra Broadband Services, a leading provider of high-performance, fiber-optic broadband networks, and the West Contra Costa Unified School District (WCCUSD) announced the completion of a next-generation fiber-optic network.

The resilient network connects the district’s 62 locations that serve approximately 32,200 students. Each location can be easily upgraded from the current 10 gigabits to 100 gigabits.  Conterra monitors, manages, and supports the network on a 24x7x365 basis and guarantees network performance and reliability.

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