C Spire, a mobile operator company, has reportedly inked a definitive agreement to take over Troy Cablevision, Inc., a communication services provider. This deal will allow the mobile operator to meet the increasing need for broadband access and information technology among businesses and consumers in the Wiregrass region, Alabama.
The latest transaction, which includes Union Springs Telephone Company, Inc., is subject to achieving customary regulatory approvals. In addition, the deal will accelerate the expansion of C Spire’s fiber-based Internet throughout Alabama to deliver ultra-fast broadband access and other related services.
According to Hu Meena, CEO of C Spire, the company is intending to make a seamless transition for customers of Troy Cablevision and grow its business within the Wiregrass region. It also has shown excitement to deepen its Alabama roots with the latest deal, following the previously announced commitment of over $500 million in fiber-based network enhancement and deployment throughout the region. Mr. Meena further added that the deal highlights its target to expand the high-quality, fiber optic-based infrastructure in Alabama, as it positions the company to leverage the expertise and relationship between the dedicated team and long-term customers across the state.
Headquartered in Troy and founded in 1985, Troy Cablevision provides internet, fiber broadband, cable TV, and other services to residential customers across Dale, Crenshaw, Coffee, and Pike counties. The communication services provider has regional offices in Ozark, Luverne, Enterprise, and Elba.
Troy Cablevision’s General Manager and Chief Financial Officer, Jake Cowen, has seemingly cited that the latest acquisition deal will strengthen the company to further provide enhanced services with better technological capabilities to the customers. The delivery of broadband access, especially in rural areas such as the Wiregrass, will be a game-changer for both businesses and consumers.
Bank Street Group served as an advisor for C Spire on the recent transaction.