The state Public Service Commission has approved the sale of Rochester-based broadband provider Greenlight Networks to Tom Golisano’s company Grand Oaks.
The commission says the purchase will allow Greenlight to expand its network.
“In today’s economy, high-speed broadband access is a necessity, not a luxury,” said Commission Chair John B. Rhodes. “With this decision, Greenlight can access much-needed capital and managerial resources that will allow it to expand its high-speed broadband fiber network and facilities and compete more effectively in the market.”
Currently, Greenlight offers high-speed fiber internet in certain communities across the Rochester area. It has plans to expand to other areas in New York and Connecticut.
Statement from Greenlight
“We are pleased with the PSC’s decision to expedite approval of our transaction with Grand Oaks. We expect to complete our transaction in the next few days, and we look forward to providing more specific details on our growth plans in the coming weeks.”