Tech Valley Communications, a fiber-centric competitive provider serving the Upstate New York and Northern New England markets, has finished its acquisition of Vermont-based TelJet Longhaul.
With this deal complete, Tech Valley Communications now has a network totaling 190,000 fiber route miles and almost 1,300 on-net buildings serving Upstate New York, Northern New England and into Canada.
Per the terms of the acquisition agreement, TelJet's management team and employees will continue in similar roles serving TVC's Vermont customers.
Greg Kelly, TelJet's president, said that being acquired by Tech Valley will provide it with new capital to complete its Vermont network expansion later this year and "aggressively pursue fiber-to-the-tower opportunities and to expand our state-of-the-art colocation facility in Vermont."
TelJet may be Tech Valley's latest acquisition, but it certainly won't be the last.
Kevin O'Connor, CEO and co-founder of Tech Valley Communications, told FierceTelecom in a recent interview that the service provider is currently pursuing two acquisitions of other local fiber providers that match up with its footprint. Those purchases could be completed by the beginning of 2014.
For more:
- see the release
Related articles:
Tech Valley targets Tier 2, 3 markets with its 10 Gbps service drive
Tech Valley hires Sidera veteran Mahoney to lead marketing, product management
Tech Valley's TelJet deal expands its New England, Canada presence
Lightower completes its $2 billion merger with Sidera