Ziply Fiber
 | |
| Ziply Fiber | |
| Formerly | |
| Company type | Private |
| Industry | Telecommunications |
| Predecessors | Northwest divisions of: |
| Founded | 1964 |
| Headquarters | Kirkland, Washington, U.S. |
Area served | Washington, Oregon, Idaho, Montana |
Key people | Steve Weed (Executive chairman) Harold Zeitz (CEO) |
| Products | Internet service Digital television Telephone Services |
| Parent | WaveDivision Capital |
| Website | ziplyfiber |
Northwest Fiber, LLC, doing business as Ziply Fiber, is an American telecommunications company based in Kirkland, Washington. Owned by WaveDivision Capital, the company operates fiber-optic broadband services in the Pacific Northwest, serving 1.3 million residential and business customers in Washington, Oregon, Idaho and Montana.[1] It has major offices in Everett, Washington, Beaverton, Oregon, and Hayden, Idaho.
The company has its origins in the northwestern division of GTE, which became part of Verizon in 2000. It was then sold by Verizon to Frontier Communications in 2010. In 2019, WaveDivision Capital—a company founded by former Wave Broadband executives—announced that it would acquire Frontier's northwestern operations for $1.35 billion. After the completion of the acquisition, the services were rebranded as Ziply Fiber. In November 2024, Canadian telecom conglomerate BCE Inc. announced its intent to acquire Ziply for $3.6 billion.
History
[edit]General Telephone Company of the Northwest, Inc. was founded in 1964 following the acquisition of the West Coast Telephone Company and later became GTE Northwest, Incorporated. GTE Northwest originally served Idaho, Montana, Oregon, Washington.[2]
In 1993, GTE acquired Continental Telephone (ConTel); as a result, ConTel operations in Oregon, Washington, and Idaho were merged into GTE Northwest. In 1994, GTE sold ConTel of Idaho to Citizens Communications, which later became Frontier Communications. In 1995, GTE sold operations in Montana to Citizens Communications and absorbed ConTel of Oregon into GTE's existing Oregon operations.
In 2000, Bell Atlantic acquired GTE, forming Verizon. As a result, GTE Northwest was renamed Verizon Northwest, Inc. It continued to provide local telephone service to former GTE regions and some ConTel regions in Idaho, Washington and Oregon.
In July 2010, Verizon Northwest, along with other Verizon wireline operations predominately in the western U.S., were acquired by Frontier Communications.[3][4]
In May 2019, WaveDivision Capital—a company led by Wave Broadband founder Steve Weed and other former executives, with backing from Searchlight Capital—announced that it would acquire Frontier Communications Northwest for $1.35 billion. Weed stated that the company planned to "invest further in our markets, specifically by extending fiber to more homes and businesses, to bring them the high speeds they want." The new company is unrelated to Wave Broadband, with the company stating that although Weed has remained on its board of directors following its sale to TPG Capital, it was not involved in the transaction or the company.[5]
In February 2020, the Washington Utilities and Transport Commission approved the sale of Frontier Northwest to Northwest Fiber, LLC; as a condition of the acquisition, the company agreed to invest at least $50 million towards expanding its broadband coverage in the state of Washington.[6] In March 2020, Northwest Fiber announced that it would brand its operations as Ziply Fiber; the company would retain Frontier's nearly 1000 employees in the region, and pledged to invest $100 million in improvements and expansions to its network.[7] The sale was completed on May 1, 2020.[8]
On November 4, 2024, Canadian telecom company BCE Inc. announced that it would acquire Ziply Fiber for $3.6 billion. BCE stated that it planned to expand its network to serve 3 million customers.[1][9]
References
[edit]- ^ a b "Bell Canada acquiring Seattle-area internet provider Ziply Fiber in $3.6B deal". GeekWire. November 4, 2024. Retrieved November 4, 2024.
- ^ Podsada, Janice (June 3, 2019). "A new-wave broadband firm dials up Frontier Communications". The Everett Herald. Retrieved May 1, 2020.
- ^ Hansell, Saul (May 13, 2009). "Frontier to Buy Verizon Lines for $8.5 Billion". The New York Times. ISSN 0362-4331. Retrieved July 3, 2019.
- ^ Murawski, John (July 1, 2010). "Frontier phone switch starts". The News & Observer. Archived from the original on July 4, 2010. Retrieved July 1, 2010.
- ^ "Former Wave Broadband execs scoop up Northwest operations of ex-rival Frontier for $1.35B". GeekWire. May 29, 2019. Retrieved November 4, 2024.
- ^ Edelen, Amy (February 19, 2020). "Washington regulators approve Frontier Communications sale". The Spokesman-Review. Retrieved February 7, 2021.
- ^ "Born from $1.35B deal with Frontier, new internet provider Ziply Fiber gears up for launch". GeekWire. March 17, 2020. Retrieved November 4, 2024.
- ^ Edelen, Amy (May 1, 2020). "Ziply Fiber completes acquisition of Frontier Communications' Northwest operations". The Spokesman-Review. Retrieved July 14, 2020.
- ^ "BCE paying $5-billion for U.S. internet provider Ziply, pauses dividend hikes to help fix balance sheet". The Globe and Mail. November 4, 2024. Retrieved November 4, 2024.