“We believe that the demand for broadband infrastructure will continue to grow, making fiber an attractive area for long-term investment,” Cox Communications CEO Pat Esser said in the release.
Cox Communications has made similar acquisitions and investments in the past decade, including StackPath in Dallas last year; EasyTel in Tulsa, Oklahoma, in 2013; and InSite Wireless in Alexandria, Virginia, in 2012.
Cox Communications’ owner, Cox Enterprises, also owns The Atlanta Journal-Constitution. Cox Communications is the third-largest provider of cable TV and Internet services in the U.S. Its residential markets in Georgia include Macon and Warner Robins.
Following the acquistion, Segra’s existing management team will continue to lead the Segra enterprise and carrier organization. The Segra brand will be retained and will operate as a stand-alone business within Cox.