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.