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Investment Summary

NTELOS Holdings Exits Segra

On November 2, 2011, invested in communications company Segra from NTELOS Holdings

Investment Highlights
  • This is transaction in the Communications sector.
  • This is transaction in the United States.
  • This is transaction in North Carolina.
Investment Fate
  • Segra was sold to a financial buyer in 2017 for 950M USD.

Investment Summary
Date 2011-11-02
Target Segra
Sector Communications
Sellers(s) NTELOS Holdings
Deal Type Spin Off

Target

Segra

Charlotte, North Carolina, United States
Segra is a provider of mission-critical connectivity solutions over a fiber-based network. Representing a successful combination of Lumos Networks and Spirit Communications. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Segra is headquartered in Charlotte, North Carolina.

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Seller(S) 1

SELLER

NTELOS Holdings

Waynesboro, Virginia, United States
Category Company
Founded 1897
Sector Communications
Employees854
Revenue 487M USD (2014)
DESCRIPTION

NTELOS Holdings Corp. is an integrated communications provider including wireless phone service, local and long distance telephone services, high capacity transport, data and voice services for Internet access and wide area networking and IPTV-based video services.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-20 One Communications - FiberNet Business

United States

The FiberNet fiber optic network of approximately 3,500 route miles covers all of West Virginia and extends into surrounding areas in Ohio, Maryland, Pennsylvania, Virginia and Kentucky.

Buy $170M
Mergr

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