Dominion Buys Fiber Networks

Dominion Telecom closes purchase of long-haul and metro fiber networks from Telergy

April 12, 2002

1 Min Read

RICHMOND, Va. -- Dominion Telecom Inc., an affiliate of Dominion (NYSE: D) that provides facilities-based broadband services, announced that on April 10 it closed on the purchase of the upstate New York long-haul and metro-fiber network facilities of Telergy Inc., a Syracuse, N.Y., telecommunications provider in liquidation. Dominion Telecom's $7.4 million bid was accepted by the U.S. Bankruptcy Court for the Northern District of New York at Utica on March 25. Dominion Telecom previously had purchased facilities from Telergy. Over the past two years, it had purchased long-haul fiber between Buffalo, Syracuse, Albany and New York City as well as metro-ring facilities in upstate New York. "Dominion Telecom has acquired a strong set of metro and long-haul assets, which has deepened our network in areas where we already have customers," said Gregg Kamper, senior vice president and general manager. "This acquisition positions us well for a potential opportunity to gain entree into Canada with long-haul conduit and fiber facilities that link Albany with Montreal and to gain new private-line customers previously served by Telergy." Dominion Telecom

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