Verizon To Buy WideOpenWest’s Chicago Fiber Network for $225M

Verizon To Buy WideOpenWest’s Chicago Fiber Network for $225M

Telecommunications News about VerizonVerizon has confirmed that it will purchase WideOpenWest’s Chicago fiber network for $225 million, a move that will bolster the service provider’s wireless backhaul capabilities for current 4G and upcoming 5G wireless deployments. The two service providers expect to close the deal early in the first quarter of 2018.

As part of the agreement, WOW will invest an additional $50 million to complete the buildout of its Chicago network in second-half 2018.

Read More at Source | Fierce Telecom

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