The longtime Vancouver, Wash., technology company will become part of Zayo Group of Boulder.
Electric Lightwave, a longtime Vancouver, Wash., technology company, sold to a Colorado telecom infrastructure company Wednesday for $1.4 billion.
The fiber broadband company, which used to be called Integra Telecom, will be acquired by Zayo Group Holdings of Boulder.
Electric Lightwave was once a division of Integra Telecom, and the parent company was renamed earlier this year as it put more focus on building out fiber infrastructure. The company has more than 12,000 miles of fiber infrastructure built out in the United States, mostly along the West Coast.
Electric Lightwave competes with Kirkland’s Wave Broadband in Portland, where both companies operate fiber broadband that mainly serves business customers.
Most Read Stories
- ‘Big pool of blood’: Redmond man shoots cougar in research cage
- T-Mobile one-ups Verizon’s new unlimited data plan; 4Q results top forecasts
- Afraid and confused, legal immigrants backing out of Seattle-area home purchases
- 5-year-old Kent girl re-creates iconic photos of notable black women for Black History Month VIEW
- Nine tax hikes in one mayoral term? Welcome to Seattle | Danny Westneat
Integra was founded in 1984 in Portland, and moved to the Washington suburb about two years ago. It laid off 10 percent of its employees this summer when it restructured and renamed the business, according to The Oregonian.
It now has 587 employees in Washington, and 1,194 employees total. Zayo, a public company with annual revenue of about $1.7 billion, has 3,126 employees.
The deal is expected to close in the first quarter of 2017.
Zayo said it expects $40 million in annual savings after integrating the companies, but a company representative said it was too early to say if there would be layoffs.
“Post close, we’ll begin the integration process, which will include decisions about staffing,” corporate communications director Shannon Paulk said in an email.