Charlesbank Capital Partners, LLC Invests in Massachusetts-Based Fiber Optic Company.Business Editors BOSTON--(BUSINESS WIRE)--Nov. 27, 2000 Charlesbank Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced it has acquired a substantial equity interest in C2C (Client to Client) An earlier term for peer-to-peer (P2P), in which one user communicates with another user without going through a server in between. See peer-to-peer. Fiber of Massachusetts, LLC, which owns, operates and constructs fiber optic networks. Charlesbank will invest $20 million to help the company finance its network build plans in Massachusetts. In the race to provide high-speed connectivity in data transport, fiber has emerged as the dominant medium, offering unparalleled scalability and versatility. C2C plans to fill the growing need outside Boston by building a 230-mile underground fiber optic network, installing high volumes of fiber and selling strands to a host of carriers who want to own network infrastructure in the region. The company is building pursuant to construction rights of way granted by the Massachusetts Highway Department The Massachusetts Highway Department (MassHighway) is the highway department in the U.S. state of Massachusetts, responsible for the design, construction and maintenance of all state highways and bridges and signage of numbered routes. , with 25 miles completed so far. Among the targeted routes is I-495, a fast-growing technology corridor, which major companies such as Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Nortel and Cisco have chosen as the site for new facilities. "Market analysts believe the need for local bandwidth could grow as much as tenfold over the next five years, and Greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. is no exception," says Tim Palmer, Managing Director at Charlesbank Capital Partners. "We are pleased to partner with C2C's management to build the most robust fiber network in the 495 west region." Charlesbank Capital Partner, LLC, is a private investment firm with more than $2 billion of capital committed to acquisition and expansion financing for growing companies and developing real estate assets. The firm has offices in Boston and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . |
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