AUSTIN, Texas -- OnFiber Communications, Inc., a leader in optical metropolitan connectivity, today announced it has acquired network assets and customer contracts of Sphera Optical Networks, Inc. for approximately $2.3 million as part of Sphera's reorganization filing under Chapter 11. The acquisition will give OnFiber access to four new metropolitan markets, an expanded customer base, and more than $400,000 of additional monthly revenue. With this acquisition, OnFiber will extend its network reach to ten markets: Atlanta, Chicago, Dallas, Houston, Los Angeles, New York City, Philadelphia, San Jose, Seattle and Washington, D.C. "This purchase is a natural progression for OnFiber's business strategy. We will be able to cost-effectively expand our network footprint to penetrate new markets and offer our customers more options," said Danny Bottoms, President and CEO of OnFiber. "The OnFiber team is committed to creating strong relationships with Sphera's customers and assuring no interruptions to their business operations." "Acquiring assets in this challenging market shows the viability of OnFiber as a metro access service provider," said Keith Mayberry, Analyst, RHK. "Companies like OnFiber that are able to expand their networks and obtain new customers by purchasing distressed assets will be well positioned once the market turns around." OnFiber Communications Inc. Sphera Optical Networks Inc.