US cableco Cox Communications has entered into a definitive agreement to make a strategic investment in Unite Private Networks (UPN), alongside Ridgemont Equity Partners and the company’s management team. UPN specialises in providing high-bandwidth, fibre-based communications networks and related services to schools, government, carriers, data centres and enterprise business customers. UPN operates a 6,200 route mile fibre network that connects to 3,750 on-net buildings across 20 states, primarily in the central United States.
Pat Esser, president of Cox Communications, commented: ‘We believe that fibre infrastructure represents an attractive area for long-term investment, particularly in underserved markets. UPN is led by a proven management team and is well-positioned to capitalise on the explosive demand for bandwidth driving growth within fibre infrastructure.’