Lightower Fiber Acquires DataNet Communications Group and KeySpan Communications...

Thu Mar 6, 2008 9:45am EST

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Lightower Fiber Acquires DataNet Communications Group and KeySpan Communications Corp.

         Expands Network throughout Northeast and Establishes
                       Trans-Atlantic Connection
BOXBOROUGH, Mass.--(Business Wire)--
Lightower Fiber, LLC, a leading provider of digital fiber optic
networks, announced today that it will acquire 100 percent of the
outstanding shares of DataNet Communications Group, Inc. ("DataNet").
It has also entered into an agreement to acquire KeySpan
Communications ("KeySpan Comm"), expanding the company's fiber optic
network offerings throughout the Northeast. With the addition of
DataNet and KeySpan Communications' fiber assets, Lightower Fiber more
than triples its available route miles.

   "With the recent establishment of Lightower Fiber as a unique
entity, we are pleased that execution of our growth strategy is
already well underway," said Doug Wiest, CEO of Lightower, LLC. "The
combined network of DataNet and KeySpan Communications is an excellent
geographic complement to ours, and we are well-positioned to take
advantage of the market opportunity for fiber assets and backhaul

   The consolidation of assets will extend Lightower Fiber's network
availability to over 3,600 route miles connecting Boston, Albany,
Manhattan and Providence. Customers will benefit from DataNet's 1,600
route miles throughout New York State's Hudson Valley region including
service to communities in New Jersey and Connecticut and KeySpan
Comm's 1,000 route miles throughout New York City and Long Island,
where the network covers both Suffolk and Nassau Counties. This
extensive fiber network footprint now reaches key routes in Orange,
Westchester and Rockland Counties in NY, Bergen County, NJ and
Fairfield County, CT.

   Lightower Fiber will also receive the rights to capacity in
KeySpan Comm's three Trans-Atlantic cable systems from New York to
Paris and London. With the addition of KeySpan Comm's network,
Lightower Fiber will offer unique fiber optic links between the
Trans-Atlantic landing stations and points outside of New York City
using routes diverse from Manhattan.

   "The acquisitions of DataNet and KeySpan Communications build on
our already well-established fiber network and solidify our footprint
in the Northeast," said Rob Shanahan, CEO of Lightower Fiber. "By
connecting the three networks, Lightower Fiber is able to provide
quicker, more flexible, comprehensive dark fiber and Ethernet backhaul
services across a larger multi-state territory to wireless and
telecommunications carriers, as well as our enterprise customers
across the Northeast."

   "We are excited to join forces with Lightower Fiber," said John
Pinto, COO of DataNet Communications. "We share a common business
philosophy that makes us well-suited to become a substantial force in
this industry, enabling us to better support the comprehensive needs
of enterprise, telecommunications and wireless customers in the
communities we serve."

   Lightower Fiber has completed the acquisition of DataNet
Communications and expects to complete regulatory approval for KeySpan
Comm in Q2 2008.

   About Lightower Fiber LLC

   Lightower Fiber LLC is the dark fiber leader in the Northeast,
offering over 1,100 route miles coupled with comprehensive backhaul
services. Lightower Fiber's geographic footprint extends from southern
New Hampshire to Massachusetts and Rhode Island, to eastern New York
State. Lightower Fiber is headquartered in Boxborough, MA.

   About DataNet Communications

   DataNet Communications Group, Inc. is a leading facilities-based
provider of native Ethernet and SONET-based services. Founded in 1999,
the company constructed its own fault tolerant, highly reliable fiber
optic network to serve the needs of both enterprise and carrier
customers throughout the Hudson Valley region of New York. In recent
years the company has expanded its fiber optic network to surrounding
areas in New Jersey & Connecticut, further enabling the delivery of
advanced broadband services. DataNet is headquartered in Newburgh, NY.

   About KeySpan Communications

   KeySpan Communications is the owner, operator and developer of a
high-speed fiber optic network - covering 1,000-route miles or 75,000
fiber miles - that transverses Long Island and part of New York City.
The network has several access points to Trans-Atlantic cable systems
that run between Long Island, London and Paris.

   About M/C Venture Partners

   M/C Venture Partners is a venture capital firm focused exclusively
on the communications, media, and information technology sectors. The
firm has invested over $1.8 billion into nearly 80 companies in those
sectors. Companies the firm has backed include MetroPCS, Cavalier
Telephone, TeleCorp PCS, Triad Cellular, Western Wireless, Crowley
Cellular, and Brooks Fiber. The firm has strong institutional backing
from the nation's leading pension funds and endowments as well as a
long track record of success. M/C Venture Partners has offices in
Boston and San Francisco.

   About Wachovia Capital Partners

   Wachovia Capital Partners (WCP) is the private equity investing
arm of Wachovia Corporation, the fourth largest bank holding company
in the U.S. Since the group's inception in 1988, WCP has invested in
excess of $3.5 billion of private equity capital on behalf of
Wachovia. WCP's current investment portfolio is comprised of 43
companies representing roughly $1.4 billion in invested capital. WCP
is currently investing out of WCP II, L.P., a $1.8 billion fund.
Companies the firm has backed include: Inflow, Inc., Affinity, NuVox
Communications, Triton PCS, and MetroPCS.

Rasky Baerlein Strategic Communications
Cristin Brown, 617-443-9933 x335

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