Networks Give Nod to Acquirement of Loop Internet Asset
Greenlight Networks, a leading internet service provider, has announced its acquisition of Loop Internet, a locally-owned fibre provider based in Scranton, PA. This strategic move aims to strengthen Greenlight's position in northeastern Pennsylvania and expand its reach.
Mark Murphy, CEO of Greenlight Networks, expressed his pride in the acquisition, believing it will allow for faster expansion into new markets, increased operational efficiency, and an exceptional customer experience for more consumers. Chris Hacken, Founder of Loop Internet, shares this sentiment, expressing his belief that the merger will help bring fast, reliable internet to more communities.
Currently, Loop Internet serves Wilkes-Barre, Mountain Top, Scranton, and Kingston, with expansions underway in nearby communities. Following the acquisition, Greenlight Networks has outlined several key expansion plans for the Wilkes-Barre/Scranton area.
Firstly, the acquisition is expected to accelerate the deployment of Greenlight's fiber network, building on Loop Internet's existing infrastructure and personnel in the region. Secondly, Greenlight plans to leverage Loop's local expertise by announcing local hiring initiatives and engaging in partnerships with local businesses and contractors.
Thirdly, Greenlight Networks aims to strengthen its community involvement by enhancing community engagement efforts. This includes fostering partnerships and potentially supporting local initiatives to build stronger neighborhoods through reliable, high-speed connectivity. Lastly, the acquisition will allow Greenlight to expand its service area more efficiently, delivering an exceptional customer experience to more consumers in the region.
The terms of the agreement remain undisclosed, and no new information about job creation, regulatory approvals, or the finalization timeline was provided. However, Jason Wasmanski, General Manager of Loop Internet, supports the merger to enhance internet access in more communities.
Loop Internet, under Greenlight Networks, remains committed to building stronger neighborhoods through reliable, high-speed connectivity. Both companies share a passion for exceptional service, making this acquisition a promising step towards a more connected northeastern Pennsylvania. The deal is expected to be finalized later this year, pending regulatory approvals.
The acquisition by Greenlight Networks, a leading internet service provider, will allow for a faster expansion into new markets, particularly in the technology sector, as they aim to leverage Loop Internet's local expertise and partnerships with local businesses and contractors. Strengthened by this merger, Greenlight's business efficiencies and financial resources in the industry are poised to grow exponentially, providing fast, reliable internet to more communities in northeastern Pennsylvania.
