Lumos Networks

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Lumos Networks
TypeSubsidiary
IndustryFiber optic telecommunications
PredecessornTelos
FoundedAugust 8, 2011; 10 years ago (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

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

Lumos Networks offers fiber-based Residential and Small Business services, including broadband Internet, managed Wi-Fi, hosted digital voice and streaming entertainment.

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 team of employees led by Diego Anderson, Senior Vice President and General Manager, Residential and Small Business. [6]

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. ^ a b "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.
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