Wilcon to Acquire Freedom Dark Fiber NetworksTuesday, August 13, 2013
Wilcon, a downtown L.A. regional fiber optic network and data center company, on Tuesday said it acquired a Marina Del Rey competitor, Freedom Dark Fiber Networks.
Wilcon said the deal will enable it to grow its fiber footprint by nearly 3,000 additional route miles from Bakersfield to San Diego, providing greater network access to nearly 1,000 additional companies, wireless communications sites, data centers and Internet hubs.
“With demand for bandwidth expected to grow 29 percent annually, this acquisition increases our addressable market exponentially,” Jon DeLuca, Wilcon chief executive, said in a statement.
Dave Daigle, Freedom’s chief executive, will join Wilcon. Terms of the deal were not disclosed, but Wilcon said financial backing came from Pamlico Capital, a Charlotte, N.C. private equity firm. Pamlico, which has an equity stake in Wilcon, led its acquisition last year of IX2, another data center company in downtown Los Angeles. Freedom Dark Fiber Networks will be renamed Freedom Telecommunications.