Dallas-based infrastructure provider, InnerCity FiberNet (ICFN) has agreed to acquire connectivity solutions firm Gigabit Communications (Gigabit).
ICFN provides connectivity solutions for enterprise business, education, data centre, carrier, cloud and hyperscale companies over its proprietary metro fibre-optic network in Dallas-Ft. Worth, Texas (DFW). The network provides metro ethernet, metro dark fibre, custom network solutions and fibre construction services.
Gigabit provides wireless and fibre internet services in San Antonio, Austin, and the Lower Rio Grande Valley. The company has been offering enterprise-grade data services in select markets and continues to expand its fibre and wireless network throughout South Texas.
The acquisition is subject to regulatory approval, and is expected to close before the end of the year.
Tom Spackman, chairman of ICFN said: ‘We are very pleased to join efforts with Alex Ochoa and his team and expand our service area beyond the DFW metro. This combination of infrastructure and talent will allow ICFN to assist its customers in their use and deployment of next generation communication services. Alex Ochoa [CEO & founder of Gigabit] will join ICFN as a partner and general manager of South Texas.’
Added Ochoa: ‘This acquisition positions us as a Top Tier 1 provider throughout Texas. Our customers can expect to receive the same highly rated gigabit service, along with new data offerings only available with ICFN's fibre footprint. We are excited to join the ICFN team and to build for the future.’
