Dominion Telecom Inc. has closed a deal to buy the New York assets of Syracuse-based bankrupt operator Telergy Inc. for $7.4 million. The U.S. Bankruptcy Court for the Northern District of New York approved the bid March 25.
The assets include metro and long-haul fiber network facilities that reportedly will help the carrier’s carrier gain a presence in Canada.
“This acquisition positions us well for potential opportunity to gain entrée into long-haul conduit and fiber facilities that link Albany with Montreal and to gain new private-line customers previously served by Telergy,” said Gregg Kamper, Dominion Telecom’s senior vice president and general manager in a statement.
Dominion Telecom, based in Richmond, Va., said it has purchased assets from Telergy over the last two years, including long-haul fiber between Buffalo, Syracuse, Albany and New York City as well as metro-ring facilities in upstate New York.
