"This transaction accelerates our California strategy and is a natural complement to the construction we already have underway. We are adding a well-engineered, in-service network with an established customer base, durable municipal relationships and a proven open-access deployment, doing so in a market our team knows well. Our objective from here is to integrate and scale the network."

"We are proud of the business and fiber network we have built across Southern California and we are excited for Intrepid to lead the next phase of its growth. Intrepid shares our commitment to long-term investment, and we are confident the company is well positioned to build on the strong foundation we've created while continuing to deliver exceptional service to the communities it serves."