The EQT Infrastructure III fund has agreed to sell Segra's Commercial Services Business, a fiber-based provider of bandwidth services to commercial enterprise and wholesale carrier customers in the Mid-Atlantic and Southeast regions of the United states, to Cox Communications.
Headquartered in Charlotte, N.C., Segra provides broadband data services across a 26,000-mile fiber network to a variety of customers, including wireless carriers, healthcare providers, local government agencies, financial institutions, education institutions and residential customers.
Segra was created by EQT Infrastructure through the combination of three geographically contiguous businesses into a super-regional fiber infrastructure provider with an enhanced product portfolio and improved service capabilities. Following the transaction, EQT plans to significantly accelerate the build out of fiber-to-the-premises (FTTP) throughout the region, bringing high-speed fiber bandwidth for the first ti
