Atlantic Broadband Expands Its Presence in Southeastern Connecticut Through Acquisition of Thames Valley Communications
11 1월 2020 - 3:00AM
Business Wire
Atlantic Broadband, the nation’s eighth-largest cable operator,
today announced that it has signed a definitive agreement to
purchase Thames Valley Communications, a broadband services company
operating in Southeastern Connecticut. The transaction is subject
to customary regulatory approvals and is expected to close within
three months. Upon closing of the transaction, Atlantic Broadband
will add approximately 10,000 customers to its operations in
Connecticut.
This acquisition allows Atlantic Broadband to expand its
presence in a market where the Company is already well established
following its acquisition of MetroCast’s Connecticut operations in
2015.
“The acquisition of Thames Valley Communications will nicely
complement our presence in Southeastern Connecticut, as our
businesses share the same values of customer focus and support of
the communities we serve,” said Frank van der Post, President,
Atlantic Broadband. “With a commitment to innovation, a first-rate
customer experience, and stimulating economic growth in the region,
we look forward to offering high quality Internet, video and phone
services to homes and businesses in the communities of Groton,
Mystic, Stonington, Pawcatuck and Gales Ferry.”
Bill Pearson, Chief Executive Officer of Thames Valley
Communications added: “Over the past seven years we have invested
heavily in TVC’s network and technology to provide the best
Internet, TV and phone services, including increasing our Internet
speeds by nearly 50x, from 20 Mbps to 1 Gig, and bringing our
network reliability to best-in-class. Going forward, Atlantic
Broadband’s strong management and larger scale will provide our
residential and business customers with access to leading-edge,
high quality technology and services.”
Atlantic Broadband was advised on this transaction by Morgan
Lewis LLP as legal counsel. Thames Valley Communications was
advised by RBC Capital Markets as M&A advisor and Lowenstein
Sandler LLP as legal counsel.
ABOUT ATLANTIC BROADBAND Atlantic Broadband, a subsidiary
of Cogeco Communications Inc. (TSX: CCA), is the eighth-largest
cable operator in the United States, based on the number of
television service customers served. The company provides its
residential and business customers with internet, TV and phone
services in 11 states: Connecticut, Delaware, Florida, Maine,
Maryland, New Hampshire, New York, Pennsylvania, South Carolina,
Virginia and West Virginia. Atlantic Broadband is headquartered in
Quincy, Massachusetts. To learn more about Atlantic Broadband,
please visit https://atlanticbb.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200110005443/en/
Andrew Walton Atlantic Broadband (610) 429-0241
awalton@atlanticbb.com AtlanticBB@matternow.com
Cogeco Communications (TSX:CCA)
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Cogeco Communications (TSX:CCA)
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