Lumos Networks

Lumos Networks is a premier fiber-based telecommunications provider based in Charlotte, NC, and part of SEGRA, one of the largest independent fiber bandwidth companies in the U.S.

Lumos Networks
Subsidiary
IndustryFiber optic telecommunications
PredecessornTelos
FoundedAugust 8, 2011 (2011-08-08)
HeadquartersCharlotte, North Carolina, U.S.
Area served
Mid-Atlantic United States
Key people
Timothy G. Biltz (CEO, President) Diego Anderson (SVP, General Manager)
ParentSEGRA
Websitelumosnetworks.com

Lumos Networks offers an innovative portfolio of fiber-based Residential and Small Business services, including high-speed broadband Internet, managed Wi-Fi, hosted digital voice and streaming entertainment. The full suite of services are supported by local sales, service and care professionals. For more than a century, Lumos Networks has connected communities to what's most important to their world.

History

Lumos Networks formally split from nTelos following the close of business on October 31, 2011.[1] 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.[2][3] Lumos Networks began public trading on the NASDAQ exchange on November 1, 2011, under the ticker symbol LMOS.[3]

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.[4]

On April 10, 2018, EQT Partners purchased a majority stake in Spirit Communications with the intent to combine Spirit with Lumos.[5]

On January 14, 2019, Lumos Networks Corp. ("Lumos") and Spirit Communications ("Spirit") announced that the two companies have been re-branded as SEGRA. The company's Rural Local Exchange Carrier (RLEC) segment will retain the Lumos Networks name and will be supported by a dedicated team of employees led by Diego Anderson, Senior Vice President and General Manager, Residential and Small Business. [6]

In August 2019, Lumos Networks received the "Build Your Best Network" Award at the ADTRAN Broadband and Business Solutions Summit.[7]

References
  1. "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.
  2. "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.
  3. "Lumos Networks begins trading on NASDAQ". Virginia Business. 2011-11-01. Archived from the original on 12 November 2011. Retrieved 12 November 2011.
  4. "Lumos Networks Completes Sale to EQT Infrastructure | Lumos Networks". www.lumosnetworks.com. Retrieved 2018-03-19.
  5. "EQT Completes Purchase of Majority Stake in Spirit Communications; Will Combine Assets with Lumos Networks". www.lumosnetworks.com. Lumos Networks. Retrieved 2018-08-09.
  6. "Segra - Lumos Networks and Spirit Communications Rebrand as Segra". Segra. 2019-01-14. Retrieved 2020-05-12.
  7. "Lumos Networks Receives 'Build Your Best Network' Award at ADTRAN Broadband and Business Solutions Summit". www.businesswire.com. 2019-08-14. Retrieved 2020-02-06.
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