Ziply Fiber has been tagged as the take-over brand for the northwest operations of beleaguered Frontier Communications to be acquired by WaveDivision Capital for about $1.35 billion.
WaveDivision Capital, in partnership with Searchlight Capital Partners, struck the deal to acquire Frontier's assets in Washington, Oregon, Idaho and Montana last May. That agreement is expected to close as early as April 30 and give birth to the new Ziply Fiber brand.
Ziply Fiber has launched a web site touting the new brand ahead of its anticipated acquisition of Frontier Communications operations in four northwestern US states.
Meanwhile, Ziply Fiber has already launched a website and outlined leadership for the new company, which is to be helmed by CEO Harold Zeitz, the former president and COO of Wave Broadband. Other execs include CTO Bambang "Bam" Liem (late of Wave Broadband, Charter Communications and Bell Canada), and Executive Chairman Steve Weed, formerly the founder and CEO of Wave Broadband and current chief of WaveDivision Capital.
Ziply Fiber estimates that fiber services pass "within a few feet" of 31% of the 1.6 million home and business locations in service areas, and has plans to increase the number of locations passed with fiber to more than 80% in the coming years.
As it heads toward the close, Ziply Fiber says it has already earmarked $100 million to beef up its core network and fiber buildout plans in its four-state region, where it will offer a mix of broadband, voice and video services to residential and business customers.
Ziply Fiber will be headquartered in Kirkland, Washington, with "major offices" located in Everett, Washington; Beaverton, Oregon; and Hayden, Idaho.
WaveDivision Capital also has investments in Hargray Communications, Xplornet Communications, MetroNet, RCN, Wave and Grande Communications.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
Learn how and why service providers are using virtualization to transform their networks. This webinar will look at how providers are leveraging virtualization to create more flexible and agile networks while also providing a better customer experience. Expert speakers from netElastic and Heavy Reading will address the industry drivers for network virtualization, the benefits that can be realized, the challenges to face and the results of virtualization being achieved by providers today.
Key topics will include:
Current network infrastructure and the move to virtualization
Benefits and challenges of network virtualization
How providers can get started
Service provider success stories: the decision to virtualize, the solution, and results