 Q Advisors Represents Grande in the Sale of its Long-Haul Fiber Network to FPL FiberNet
MIAMI, FL, February 28, 2011 - FPL FiberNet, a leading broadband provider, today announced that it has acquired long‐haul network assets from Grande Communications Networks, a Texas-based communication company. Wholesale providers in the South Central United States will now have access to FPL FiberNet’s high‐speed fiber‐optic telecommunication services.
The purchase of Grande’s carrier‐grade network assets will allow FPL FiberNet to expand its coverage by adding approximately 2,900 miles of long‐haul network connecting all major cities in Texas with additional connectivity to Louisiana, Arkansas and Oklahoma. FPL FiberNet will also have a metro-presence in Dallas, San Antonio, Laredo and Houston.
Building upon FPL FiberNet’s strengths, Grande’s state‐of‐the‐art technology and experienced, customer‐focused work force will enable the company to expand its offerings of highly reliable, award-winning products and services.
“We are committed to strategically investing in the expansion of our network to provide additional options and better serve our customers” said Carmen Perez, President, FPL FiberNet. “We look forward to offering customers reliable and cost competitive telecom service in these new markets.”
Wholesale customers will have access to Dedicated Internet Access, Ethernet and SONET/TDM telecommunications services.
Q Advisors acted as the exclusive financial advisor to Grande Communications for this transaction.
About FPL FiberNet
FPL FiberNet, LLC, based in Miami, provides long‐haul and metro fiber‐optic broadband network services to wholesale and enterprise customers throughout most major metropolitan areas in Florida and Texas, with connectivity in Atlanta, Arkansas, Louisiana and Oklahoma. FPL FiberNet is a subsidiary of NextEraEnergy, Inc., a leading clean energy provider. For more information, visit www.FPLFiberNet.com
About Grande Communications
Headquartered in San Marcos, Texas, Grande Communications Networks, LLC is a fiber-based provider of telecommunications and cable television services throughout Texas and the surrounding region. For more information, visit www.grandecom.com
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