DukeNet Communications explained

DukeNet Communications
Native Name:DukeNet
Location:Charlotte, North Carolina, United States
Key People:Brad Davis President and CEO,
Tony Cockerham, COO,
Industry:Telecom and internet infrastructure
Products:Bandwidth infrastructure and colocation
Num Employees:100+
Homepage:DukeNet.com

DukeNet Communications was a telecom and internet infrastructure company that serves the southeastern United States. Products include a metro and long haul fiber-optic network capable of 100 Gbit/s bandwidth.[1]

Formed in 1994 as the telecommunications arm of Duke Energy, DukeNet primarily offered wholesale fiber transport services until moving into the newly developing Fiber to the Tower (FTTT) space in 2006., DukeNet is among the top 10 FTTT providers in the United States.[2] In December 2010, Duke Energy and Alinda Capital Partners LLC formed a joint venture to grow DukeNet Communications in the enterprise and data center space.[3] [4] On October 7, 2013, Time Warner Cable (later bought by Charter Communications in 2016) announced that it had agreed to acquire DukeNet Communications LLC for $600 million, and on January 6, 2014, the deal officially closed.[5] [6] [7]

Notes and References

  1. Web site: Buckley. Sean. DukeNet completes its core 100G network upgrade. Fierce Telecom. 7 August 2013.
  2. Web site: Powell. Robert. Counting the On-net Towers | Telecom Ramblings. Telecom Ramblings. 7 August 2013. November 26, 2012.
  3. Web site: Efthimiou. Greg. Duke Energy Forms Joint Venture with Alinda Capital Partners to Grow DukeNet Communications - Duke Energy. Duke Energy. 7 August 2013. https://web.archive.org/web/20111211130121/http://www.duke-energy.com/news/releases/2010062501.asp. December 11, 2011. dead.
  4. Web site: Bird. Julie. DukeNet's expansion fuels growth in revenue, service. Charlotte Business Journal. 7 August 2013.
  5. Web site: Time Warner Cable to acquire Regional Fiber Optic Network Company DukeNet Communications. 8 October 2013. https://web.archive.org/web/20160924141030/http://ir.timewarnercable.com/investor-relations/investor-news/financial-release-details/2013/Time-Warner-Cable-to-acquire-Regional-Fiber-Optic-Network-Company-DukeNet-Communications/default.aspx. September 24, 2016. dead.
  6. Web site: Turner. Nick. Time Warner Cable Agrees to Acquire DukeNet for $600 Million - Bloomberg. Bloomberg. 8 October 2013.
  7. Web site: Time Warner Cable Completes Acquisition of DukeNet Communications. The Wall Street Journal. 11 January 2014.