Qwest has acquired OnFiber, a provider of business Ethernet and metro Ethernet solutions. The agreement values OnFiber at $107 million. Qwest currently offers similar serices within its 14 state region, and it seems that the motivation behind this deal is to expand beyond its traditional metro markets. Read full press release at:
http://biz.yahoo.com/bw/060515/20060515005495.html?.v=1
5/16/2006: Followup: News analysis available at Lightreading.
http://www.lightreading.com/document.asp?doc_id=94894
Monday, May 15, 2006
QWest buying OnFiber Communications
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