High On Fiber: 10 Notable Telecom Deals This Year

Paetec Snags Cavalier

Paetec earlier this week ponied up $460 million in cash to acquire Cavalier Telephone Corp., its regional rival. The deal significantly expands Paetec's fiber-optic network business, adding Cavalier's 17,000 miles of fiber network in the U.S. and upping Paetec's own fiber network holdings to more than 37,000 miles. Cavalier is expected to be a wholly owned subsidiary of Paetec, and the companies expect the deal to close within six months.


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