C Spire has reached an agreement to acquire Hattiesburg, Miss.-based MegaGate Broadband, enabling it to expand its market presence and offer business services in three states.
Neither C Spire nor MegaGate revealed the financial terms of the purchase.
MegaGate, a former division of Cellular One, serves Mississippi business markets as both a CLEC and an ISP.
The purchase, which requires necessary federal and state regulatory approvals, is part of C Spire's broader effort to expand its wireline product set to serve a larger set of business, government, and residential customers. Part of that effort includes the rollout of its 1 Gbps-capable fiber-to-the-premises (FTTP) service in nine Mississippi cities.
C Spire expects final regulatory approval of the merger within the next 60 days.
C Spire has been expanding its network reach and product portfolio through a series of acquisitions and organic efforts.
In December, it acquired Alabama-based Callis Communications, a cloud-based communications services provider. It also plans to open a $23 million Tier III+ data center in Starkville, Miss., in November.
- see the release
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