Greenlight Networks, a fiber-to-the-home internet provider, has reached a definitive agreement to buy Loop Internet, a locally owned fiber provider in Scranton, PA.
This acquisition will enhance Greenlight’s presence in the Wilkes-Barre/Scranton area and accelerate the deployment of its fiber network. Founded in 2015 by a local resident frustrated with poor internet service, Loop Internet now serves Wilkes-Barre, Mountain Top, Scranton, and Kingston, with expansions underway in nearby communities.
Greenlight plans to utilize Loop’s local expertise and infrastructure to create jobs, foster partnerships with local businesses, and strengthen community involvement. The deal is expected to be finalized later this year, pending regulatory approvals. The terms of the agreement remain undisclosed.
KEY QUOTES:
“We are thrilled at the prospect of welcoming Loop Internet, their associates, and customers to Greenlight Networks. Loop’s existing network footprint complements our current and planned service areas and will provide a critical base of operations, in addition to key personnel and resources in the Scranton area. By joining forces, we can move faster into new markets, operate more efficiently, and deliver an exceptional customer experience to even more consumers.”
Mark Murphy, CEO of Greenlight Networks
“We’re proud of what we’ve built at Loop Internet, and this next chapter with Greenlight Networks is an exciting evolution of that journey, that enables us to accelerate our plans.”
Chris Hacken, Founder of Loop Internet
“Joining forces with Greenlight Networks will help us bring fast, reliable internet to more communities. Greenlight shares our passion for exceptional service and commitment to building stronger neighborhoods through reliable, high-speed connectivity.”
Jason Wasmanski, General Manager of Loop Internet
