Also as a result of these transactions, Conterra has added substantial sales, engineering, deployment and network operations capabilities to support its current and future customers primarily in the company's Southeast and Gulf Coast spheres of operation. Metropolitan Statistical Areas in which the company operates broadband networks include: Charlotte, Raleigh, Greensboro, Winston-Salem and Asheville, North Carolina; Richmond, Virginia and Nashville, Tennessee; Fort Worth, San Antonio, El Paso and Tyler, Texas; Baton Rouge, Lafayette, Monroe and Shreveport, Louisiana; Tucson, Arizona; Albuquerque and Las Cruces, New Mexico; San Francisco, Fresno, Oakland and San Bernardino, California.
"We have been working closely with both Detel and Broadplex for years and plan to take advantage of the many benefits that our larger scale, operating efficiencies and local customer relationships will bring to our combined bandwidth infrastructure growth as a result of these transactions," commented Conterra's President and Chief Executive Officer, Steve Leeolou. "We are also delighted that Daryl Deshotel and his core team in Louisiana and Dr. Rocco DiSanto and his core team in the Carolinas will continue to provide transferable innovations, rapid and cost effective deployment capabilities and local competitive knowledge to our combined Conterra business plan," added Mr. Leeolou.
Conterra is one of the largest remaining independent broadband infrastructure companies in the United States based on its fiber assets and revenues. The company is majority owned by Court Square Capital, a private investment firm with approximately $5-billion under management, with the remaining ownership largely held by Conterra's management team. The company's other institutional financial partners include Toronto Dominion Bank, Bank of America, CoBank, ING Capital and Antares, all of which provided financing support for the two transactions being announced today. Terms of the transactions are not being disclosed.
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