WAYNESBORO, Va.--(BUSINESS WIRE)-- Lumos Networks Corp. (“Lumos Networks”) (NASDAQ: LMOS), a leading fiber-based service provider in the mid-Atlantic region, announced that, at the Lumos Networks Annual Meeting of Stockholders held today, Lumos Networks stockholders approved the merger agreement with EQT Infrastructure investment strategy (“EQT Infrastructure”).
Timothy G. Biltz, President and CEO of Lumos Networks, said, “We are pleased with the results of today’s meeting. We look forward to working with EQT Infrastructure as Lumos continues to innovate and expand its network, products and service offerings to our customers.”
More than 99% of the shares voted at the meeting were voted in favor of the merger, representing approximately 81% of Lumos Networks’ outstanding shares as of the record date for the meeting.
The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to be completed during the third quarter of 2017.
As previously announced, under the terms of the merger agreement, EQT Infrastructure will acquire all of Lumos Networks’ common stock. Lumos Networks stockholders of record will receive $18.00 in cash per share of Lumos Networks’ common stock.
About Lumos Data Centers
Lumos Data Centers (LDC) is a newly formed business unit within Lumos Networks, focusing exclusively on data center services. LDC offers high availability services out of three data centers in Charlotte, NC servicing Virginia, West Virginia, Pennsylvania, North Carolina, South Carolina, and Georgia. The data center facilities are staffed 24/7/365, SSAE 16 SOC1 and SOC 2 Type II certified, and PCI DSS and HIPAA compliant. Enterprise services include Colocation, Infrastructure as a Service, Disaster Recovery as a Service, Storage as a Service, and Back Up and Recovery as a Service. LDC acts as a Carrier Hotel, with 12 of the largest carriers in Charlotte having fiber routes and / or Points of Presence (POP), allowing robust options for clients. With direct connectivity from the Lumos Networks and Spirit Communications fiber footprint, along with 12 options for connectivity, LDC is uniquely positioned to offer clients on-net data center and colocation services.
About the Combination of Spirit Communications and Lumos Networks
The combination of Spirit Communications and Lumos Networks creates a super-regional fiber bandwidth network with over 21,000 miles of fiber and more than 9,000 on-net locations across nine states in the Mid-Atlantic and Southeast United States. The new entity offers a full range of Ethernet, MPLS, dark fiber, advanced voice and cloud services to thousands of carrier, enterprise, data center and government customers. The entity also connects 44 total data centers, including 12 co-location and data centers.