Atlantic Broadband to buy Thames Valley Communications
Atlantic Broadband, the U.S. subsidiary of Cogeco Communications Inc. (TSX: CCA), has agreed to buy fellow broadband services provider Thames Valley Communications for $50 million. The deal to acquire the Southeastern Connecticut service provider is expected to close within the next three months, subject to customary regulatory approvals.
The pending transaction is Atlantic Broadband’s second in the state, following the acquisition of MetroCast's Connecticut broadband operations in 2018 (see "Atlantic Broadband completes purchase of Metrocast cable networks"). If consummated, the purchase of Thames Valley communications will add approximately 10,000 customers to Atlantic Broadband’s roster. Overall, the service provider operates in 11 states: Connecticut, Delaware, Florida, Maine, Maryland, New Hampshire, New York, Pennsylvania, South Carolina, Virginia, and West Virginia.
"Cogeco Communications is pursuing its growth strategy in the United States," said Philippe Jetté, president and CEO of Montreal-based Cogeco. "We always look to expand our presence in the U.S. broadband market and the acquisition of Thames Valley Communications represents another step forward in our growth plan."
“The acquisition of Thames Valley Communications will nicely complement our presence in Southeastern Connecticut, as our businesses share the same values of customer focus and support of the communities we serve,” added Frank van der Post, president of Atlantic Broadband. “With a commitment to innovation, a first-rate customer experience, and stimulating economic growth in the region, we look forward to offering high quality Internet, video, and phone services to homes and businesses in the communities of Groton, Mystic, Stonington, Pawcatuck, and Gales Ferry.”
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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