Network infrastructure solutions provider FTE Networks, Inc. (OTCQX: FTNW) has acquired specific assets of Midwest Underground Solutions, a company specializing in directional boring and fiber optic installations, the company said.
These new assets enable FTE to further expand its position in the St. Louis market with consolidated opportunities for fiber optic cabling and system integration services and brings an additional pipeline opportunity in the first quarter of 2017.
FTE´s acquisition of Midwest Underground, includes construction equipment, as well as key personnel.
FTE Networks solves complex network and system challenges that reduce costs and deployment time to accelerate delivery and optimize performance of network infrastructure. Operating five industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, and Compute to the Edge, FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe.