JUAREZ. CHIH – Juarez-El Paso border-based Flō Networks, a leading provider of digital infrastructure solutions, announced that on March 29, 2023 it completed the acquisition of American Tower’s fiber optic business, ATC Holding Fibra Mexico, S. de R.L. de C.V., (commercially known as redIT) and its high-capacity fiber network, which has a broad presence in more than 40 cities throughout Mexico.
“We are excited to announce the completion of the acquisition of ATC Holding Fibra Mexico. The merger of these two unique and complementary networks will enable redIT’s extensive metropolitan networks throughout Mexico to leverage diverse metropolitan and long-haul networks, providing reliable and redundant routes to transport mission-critical data back to the United States and beyond,” “, said Miguel Fernandez, CEO of Flō Networks.
Fernandez added that this is Flō’s third transformative acquisition in three years, cementing the company’s status as the leading integrator of high-growth digital infrastructure companies in the region.
“With our proven track record and leadership, we are confident in our ability to integrate and scale our operations and deliver even more resilient and complex solutions to our valued customers, while creating value for our shareholders,” Fernandez said.
Flō Networks manages one of the most unique, scalable and low-latency networks in the region, so the acquisition will enhance the company’s capabilities to better serve its corporate customers with affordable, high-quality solutions.
According to company information, the company will have around 35 thousand kilometers of fiber throughout the United States and Mexico that will connect close to 10 thousand business buildings.