Thursday, December 8, 2011

Alpheus Communications Buy Completes

The acquisitio of of Alpheus Communications, the provider of fiber bandwidth in Texas, by private equity group Gores Group has completed, Gores announced Thursday. Financial terms of the deal, which was originally announced in September, have not been disclosed. Alpheus owns over 2,800 miles of long haul and 3,250 miles of metro fiber in Texas. Gores said that Scott Widham, a media and telecom entrepreneur, becomes CEO of Alpheus with the acquisition.