Citynet, a regional competitive provider serving West Virginia, has acquired StratusWave Communications from Gateway Telecom, enhancing its service and network footprint for business customers. Financial terms of the deal were not disclosed.
Besides giving Citynet a larger network footprint, StratusWave’s existing customer base and the Wheeling, West Virginia, business segment will get access to a larger pool of services.
Bridgeport, West Virginia-based Citynet is a competitive provider focused on serving small and medium-sized businesses across the state with a mix of phone, ultra-high-speed broadband, unified communications and IT managed services solutions.
For Citynet, the acquisition of StratusWave is clearly about scale.
Citynet, which has built out a sizable fiber network, can also offer its existing customers a broader suite of connectivity options, including wireless broadband internet and wireless point-to-point data connectivity.
Likewise, StratusWave’s customers will be able to get access to a larger array of traditional legacy T-1 and SONET as well as fiber-based Ethernet services.
"This transaction will expand our breadth of service, increasing our ability to provide Citynet's portfolio of advanced technology services to business customers in the Wheeling market," said Jim Martin, president and CEO of Citynet, in a release. “The transaction also will enable us to leverage StratusWave's experienced sales force and office staff to help expand the Citynet footprint.”
Citynet will maintain StratusWave's existing Wheeling office location at 1025 Main Street, as well as bringing StratusWave's employees into Citynet.
StratusWave President and CEO H. "Rusty" Irvin III will oversee Citynet's daily operations in the state's Northern Panhandle.