As reported by CI&M's sister site, Lightwave, fiber-optic network services provider Tech Valley Communications (TVC) has agreed to buy substantially all of the assets of TelJet Longhaul, LLC, including TelJet’s fiber network and data center colocation facility in northern New England.
Once completed, the deal will see TVC, a portfolio company of Riverside Partners, expand its fiber cable footprint to more than 190,000 fiber miles and nearly 1100 lit buildings across New York, New Hampshire, Maine, and Vermont, with reach into Canada.
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“Acquiring TelJet’s fiber network and colocation facility is very exciting news for Tech Valley Communications," commented Kevin O'Connor, CEO and co-founder of TVC. "These assets are complementary to our existing footprint and further our goal of operating the largest, most advanced fiber network in Northern New England and Upstate New York."
Terms of the deal were not disclosed. TVC expects to complete the purchase within the next 90 days, subject to customary closing conditions and regulatory approval. Founded in 2002, TelJet Longhaul serves wholesale and enterprise customers in Vermont, New Hampshire, and Montreal, Quebec. Its customer list includes CLECs, healthcare organizations, financial institutions, high-tech development firms, colleges and universities, K-12 schools, and media.
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