Cox Buying Segra in Push Into Broadband Infrastructure

Cox Communications is buying fiber provider Segra and its commercial carrier business as part of its increasing push into broadband infrastructure, the company said Tuesday. It said Segra parent EQT Infrastructure will keep Segra's fiber-to-the-home residential and small business segment in Virginia and North Carolina. Segra CEO Timothy Biltz said the Cox deal will let it scale up operations and accelerate growth. Cox said the Segra brand will remain and operate as a stand-alone business, with Segra's existing management running its enterprise and carrier organization.