Lumos Networks

Lumos Networks
Subsidiary
Industry Fiber optic telecommunications
Predecessor nTelos
Founded August 8, 2011 (2011-08-08)
Headquarters Waynesboro, Virginia, United States
Area served
 Mid-Atlantic United States
Key people
 Timothy G. Biltz (CEO, President)
Parent EQT Partners
Website lumosnetworks.com

Lumos Networks is a fiber optic network service provider in the Mid-Atlantic region serving carrier, enterprise, and data center customers in Virginia, West Virginia, North Carolina, South Carolina, Georgia, Pennsylvania, Maryland, Ohio, and Kentucky.[1][2] The company's formation was announced on August 8, 2011, combining the Wireline and FiberNet divisions of nTelos.[3] The company is headquartered in Waynesboro, Virginia.[4] Timothy G. Biltz serves as the company's president and chief executive officer.[5]

History

Lumos Networks formally split from nTelos following the close of business on October 31, 2011.[6] Following a 1-for-2 reverse stock split of nTelos common stock, nTelos shareholders received one share of Lumos Networks common stock for each share of nTelos common stock that they owned following the split.[7][8] Lumos Networks began public trading on the NASDAQ exchange on November 1, 2011, under the ticker symbol LMOS.[8]

As of November 17, 2017, Lumos Networks completed a merger sale to EQT Infrastructure. Lumos stockholders received $18.00 in cash for each share of Lumos Networks common stock they held. Upon completion of the sell Lumos Networks ceased to be a publicly traded company.[9]

On April 10, 2018, EQT Partners purchased a majority stake in Spirit Communications with the intent to combine Spirit with Lumos.[2]

References

  1. ↑ "Lumos Networks Signs Multi-year Enterprise Contract with King William County Public Schools | Lumos Networks". www.lumosnetworks.com. Retrieved 2018-03-19.
  2. 1 2 "EQT Completes Purchase of Majority Stake in Spirit Communications; Will Combine Assets with Lumos Networks". www.lumosnetworks.com. Lumos Networks. Retrieved 2018-08-09.
  3. ↑ Adams, Duncan (2011-09-09). "Ntelos companies form Lumos Networks Corp". The Roanoke Times. Archived from the original on 2011-11-12. Retrieved 12 November 2011.
  4. ↑ "NTELOS and Lumos Networks to Report Financial Results for Third Quarter 2011". The Wall Street Journal. 2011-11-02. Archived from the original on 12 November 2011. Retrieved 12 November 2011.
  5. ↑ Stuart, Bob (2011-09-09). "A new milestone". The News Virginian. Archived from the original on 2011-11-12. Retrieved 12 November 2011.
  6. ↑ "NTELOS and Lumos Networks to Report Financial Results for Third Quarter 2011". The Wall Street Journal. 2011-11-02. Archived from the original on 12 November 2011. Retrieved 12 November 2011.
  7. ↑ "NTELOS Holdings Corp. Completes Separation of Lumos Networks Corp". Traders Huddle. 2011-11-01. Archived from the original on 12 November 2011. Retrieved 12 November 2011.
  8. 1 2 "Lumos Networks begins trading on NASDAQ". Virginia Business. 2011-11-01. Archived from the original on 12 November 2011. Retrieved 12 November 2011.
  9. ↑ "Lumos Networks Completes Sale to EQT Infrastructure | Lumos Networks". www.lumosnetworks.com. Retrieved 2018-03-19.
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