Greenlight Networks announced its plan to acquire Loop Internet, a fiber internet provider based in Scranton, Pennsylvania. The deal, subject to regulatory approval, is expected to close later this year and will significantly enhance Greenlight’s service capabilities in the Wilkes-Barre/Scranton area.
The company revealed that this expansion aligns with its broader strategy to grow in northeastern and south-central Pennsylvania, which was initiated earlier this spring. The acquisition will bring local expertise and infrastructure to Greenlight, facilitating the faster deployment of fiber networks in the region.
Mark Murphy, CEO of Greenlight Networks, expressed enthusiasm about the merger, emphasizing that it will enable quicker market expansion, operational efficiencies, and improved customer service. He highlighted the benefits of integrating Loop’s existing network footprint and local personnel.
This move follows Greenlight’s recent announcement of a $100 million investment in Baltimore, Maryland, for fiber infrastructure development. The Baltimore project aims to serve various neighborhoods with plans for expanding community engagement and local hiring.
Loop Internet, prior to the acquisition, was known for its innovative Internet Connection Redundancy (ICR) system designed to prevent fiber outages, illustrating its commitment to reliable service.
The acquisition is part of Greenlight’s larger strategic efforts to establish a regional hub in Baltimore, where it plans to hire locally for construction, technical, and outreach roles, fostering strong community ties.