LS Networks: InstarAGF Completes Acquisition of LS Networks

DENVER and PORTLAND, Ore., April 01, 2021 (GLOBE NEWSWIRE) -- InstarAGF Asset Management Inc. ("InstarAGF") today completed its previously announced acquisition of LS Networks ("the "Company"), a leading fiber-optic bandwidth infrastructure services provider in the Pacific Northwest, from a collective of Oregon rural electric cooperatives. The Company's current management team will continue to lead the business, headquartered in Portland, Oregon. "Communities across North America currently face a large gap in fiber and broadband services, which significantly impacts our economic potential and ability to nurture human connection," said Gregory Smith, President and Chief Executive Officer, InstarAGF. "We are delighted to partner with a company that shares our commitment to people and communities, leveraging the potential of digital infrastructure to promote quality of life and economic prosperity." "This acquisition represents an exciting phase of growth and connectivity for the LS Networks family," said Byron Cantrall, President and Chief Executive Officer, LS Networks. "In collaboration with InstarAGF and with the support of our customers, we will continue to expand our network and service offering, provide high-quality solutions and connect underserved communities." LS Networks delivers essential digital reliability, quality and capacity to large and small commercial and individual customers in rural and urban communities to support business growth and sustainability. The Company's carrier-grade network includes over 7,000 route miles of fiber and extended reach throughout the Pacific Northwest serving national and international carriers, ISPs, data centers, schools, governments, healthcare organizations and businesses. LS Networks also provides Ethernet and dark fiber transport to towers, with existing connectivity to more than 500 on-net towers, with near-net proximity to an additional 800 towers throughout the region. Financial terms of the transaction were not disclosed. ...Full story available on Benzinga.com