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OnFiber Communications Acquires Sphera Assets

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AUSTIN, Texas, May 6 -- OnFiber Communications Inc., provider of optical metropolitan connectivity, announced it has acquired network assets and customer contracts of Sphera Optical Networks Inc. for approximately $2.3 million as part of Sphera's reorganization filing under Chapter 11. The acquisition will give OnFiber access to four new metropolitan markets, an expanded customer base and more than $400,000 of additional monthly revenue. With this acquisition, OnFiber will extend its network reach to ten markets: Atlanta, Chicago, Dallas, Houston, Los Angeles, New York City, Philadelphia, San...Read full article

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    Published: May 2002
    Communicationsfiber opticsNews & Features

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