Waynesboro-based Lumos to acquire Clarity Communications
- November 10, 2016
Waynesboro-based Lumos Networks Corp. has signed an agreement to acquire Clarity Communications Group, which operates a 730-mile fiber network in four Southeastern states.
Financial terms of the deal were not disclosed.
The majority of Clarity’s operations and fiber mileage is in North Carolina. The company is based in Raleigh, N.C.
Timothy G. Biltz, CEO of Lumos Networks said he expects the deal to close in the first quarter of 2017.
Blitz said the acquisition gives Lumos an instant foothold in many high-growth North Carolina markets.
Lumos Networks is a fiber-based service provider in 24 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky.