Lumos Completes Sale to EQT, Sets Pace for Network, Service Expansion

Lumos Networks has completed its sale to EQT Infrastructure for $950 million, a deal that ends its fiber network spin-out plans with an eye toward expanding its existing fiber business.

Under the terms of the agreement, Lumos Networks stockholders are receiving $18 in cash for each share of Lumos Networks common stock they hold.  Read more.  

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