Cox to form a new standalone firm after UPN acquisition

Cox Communications plans to acquire the remaining interest in enterprise fibre provider UPN (Unite Private Networks).

The transaction is set to close by June 30th and aims to bring UPN and Segra, another business services company in which Cox has invested, together to form a new standalone company.

The move comes as part of Cox's ongoing focus on expanding its business services portfolio. In recent years, Cox has made strategic investments in companies like Segra and...