A Dallas company has acquired a high-speed fiber-optic network from W.L. Gore and Associates.
PEG Bandwidth will operate then 48-mile network that ties together Gore’s headquarters in Newark with its operations in neighboring Cecil County, Md.
PEG operates a 15,000-mile network in 18 states. Gore is a privately held manufacturer and developer of products and technologies with annual sales of more than $3 billion a year. Gore did not release a statement on the sale.
Terms of the transaction were not disclosed.
The acquired network spans a geography covering Newark, DE to the north, Elkton, MD to the south and Fair Hill, MD to the west and was built with high-strand counts of fiber totaling nearly 3,500 fiber miles. A total of 22 buildings are tied to the network including several data centers, enterprise buildings and government facilities.
“We look forward to leveraging the Gore fiber network with our existing fiber network to connect nearby businesses with major commercial data centers from Virginia to New York,” stated Michael Friloux, CEO of PEG Bandwidth. “We intend to invest in this network to broaden the base of customers throughout this growing area who can use it.”
PEG Bandwidth will offer a suite of product offerings to customers in the area, including wavelengths, Ethernet and dark fiber.
PEG Bandwidth’s infrastructure spans almost 15,000 fiber route miles and connects almost 3,000 cell site locations with local access to 2,600 municipalities and dozens of utilities.
High-speed access is now considered to be a necessity in retaining and attracting businesses.
Cecil County, according to some accounts, is said to be the most rural county along the I-95 route between Washington and Boston. Infrastructure that includes broadband and natural gas service, has long been cited an economic development drawback for the county.
Dover-based Chesapeake Utilities has now expanded to Cecil County and eased that area of concern.
