Qwest Communications International Inc. has acquired OnFiber Communications Inc. for $107 million in cash, the company announced on Tuesday. The company first announced its intent to purchase OnFiber in May.
Qwest’s portfolio features data services, including metro optical Ethernet. OnFiber’s assets will provide the company with additional network facilities that will serve businesses in 23 metropolitan areas outside the Qwest 14-state local service territory.
"This makes Qwest easier to do business with because OnFiber gives us an efficient method of delivering services to more business customers in dozens of markets throughout the U.S.," said Tom Richards, executive vice president of the business markets group for Qwest. "Throughout the closing period we focused on ensuring a smooth transition for OnFiber's customers – most of whom are large businesses and government clients," said Richards.
Qwest Communications International Inc. www.qwest.com
