OnFiber Communications announces that it is to acquire Portland General Broadband assets

July 19, 2004

1 Min Read

AUSTIN, Texas -- OnFiber Communications, a leading metro network solutions provider, today announced that it will acquire a majority of the assets and customer contracts of Portland General Broadband (PGB). This acquisition enables OnFiber to expand its network into the Portland, Oregon metropolitan area and provide local customers additional service offerings including the AdaptiveBuild™ enterprise solution. The sale is expected to close in September 2004.

“OnFiber is continuing to execute on its smart growth plan of identifying attractive network assets and quickly and smoothly integrating them into the OnFiber network,” said William Metcalfe, senior vice president of corporate development for OnFiber. “This transaction provides OnFiber immediate entry into an important market that has shown demand for both enterprise and carrier network solutions.”

PGB’s 85 route mile fiber network serves Portland’s business districts and major telecommunication traffic aggregation points through a scalable optical fiber infrastructure. Spanning many of the surrounding counties and cities, PGB’s current customer base includes a number of local radio stations, television broadcast stations and major universities.

“PGB’s current and future customers will benefit from the acquisition because it significantly expands the services and connectivity options available to them,” said Greg Jones, director, PGB. “OnFiber is one of the nation’s top metro carriers with a very strong reputation for dependable and high quality services. The PGB network now becomes one of 16 major metropolitan area networks operated by OnFiber throughout the U.S.”

OnFiber Communications Inc.

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