Cox Communications, continuing its investment in network infrastructure providers of the last couple of years, closed its purchase of commercial fiber provider Unite Private Networks for an undisclosed price. UPN will be combined with earlier Cox acquisition Segra as a standalone company under CEO Kevin T. Hart, the former Cox technology chief.
Cox has been buying network infrastructure assets, also including cloud services providers RapidScale and Logicworks, after parent company Cox Enterprises shifted away from TV and radio station assets, selling majority stakes in the stations to Apollo Management Group in 2019. The UPN acquisition, though, goes back to 2016, when Cox bought a majority interest in partnership with Ridgemont Equity Partners and UPN management.
