Horizon Acquires Indy Fiber Network

Posted: Updated:
(photo courtesy of Horizon Network Partners) (photo courtesy of Horizon Network Partners)
INDIANAPOLIS -

Ohio-based regional fiber broadband company Horizon Network Partners is planning to acquire a fiber network in downtown Indianapolis. Financial terms of the deal are not being disclosed, however Horizon says it will be able to serve more than 100 business customers in the downtown area.

The company says the acquisition includes the ownership of more than 1,000 fiber miles that will be added to its overall network. It will tie into Horizon's existing Indiana facilities and nearly 20 multi-tenant buildings and data centers will have immediate access to the company's broadband network.

"We are excited to be expanding our territory and look forward to introducing our extremely reliable fiber services to Indianapolis," Bill McKell, chief executive officer of Horizon, said in a news release. "This opportunity is the perfect next step and a great location for Horizon’s continued growth as the region’s premier broadband partner."

Horizon says it expects more jobs to be created as it expands its network and adds salespeople, though specific number were not provided. The acquisition is expected to close within 30 days.

  • Perspectives

    • The Race for a Winning Credit Score

      It’s May in Indy and the sound of revving racecar engines signals good times to come. But try to keep your spending under the yellow flag. Overspending on credit cards during the festivities could turn that May engine roar into a dreaded credit score “dent” come June. That’s not a great way to kick off summer. Here’s what to watch out for so your credit score will be a winner! FICO Credit-Scoring System The FICO (Fair Isaac Corporation) is the most...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • New Owners Coming For Indiana Casinos

      Two Indiana casinos will soon be under new ownership. Las Vegas-based Pinnacle Entertainment Inc. (Nasdaq: PNK), which owns Ameristar Casino and Hotel in East Chicago and Belterra Casino Resort in Florence, is set to be acquired by Penn National Gaming Inc. (Nasdaq: PENN) in a $2.8 billion deal.

    • Governor Announces OMB Director Change

      Governor Eric Holcomb has named Cris Johnston Office of management and budget director. He previously served eight years for then Gov. Mitch Daniels as the executive director of the Office of Management and Budget’s division of government efficiency and later, as deputy chief of staff. Johnston will take over for Micah Vincent who is leaving the administration.
    • (photo courtesy of ArcelorMittal)

      ArcelorMittal Investing $160M at Burns Harbor

      Luxembourg-based ArcelorMittal has announced plans to invest more than $160 million in its Burns Harbor steel mill. Our partners at The Times of Northwest Indiana report the steelmaker's investment will focus on several areas within the facility over the next several years.

    • I-65 INDOT construction map

      I-65 Construction Update

      Construction work is scheduled to start next week on I-65 near downtown Indianapolis. Indiana Department of Transportation crews will begin to clean up the interstates after two years of freeze/thaw cycles. Crews will be working in segments, including patching and repaving work. INDOT crews will begin work in earnest on northbound and southbound in segments, beginning on weekend nights from April 26 through August.  

    • (photo courtesy of Reid Health)

      Reid Health To Acquire Fayette Regional Health System

      Reid Health has entered into an agreement to acquire the assets of Fayette Regional Health System of Connersville. The announcement comes after Fayette Regional filed for protection under Chapter 11 in October 2018. Specific terms will be disclosed in the bankruptcy case and will include a $12.75M payment to the bankruptcy estate of Fayette. The deal requires bankruptcy and regulatory approval and is expected to be finalized in mid-July this year.