Wholesale fiber consolidation is on the march with the news that Tech Valley Communications (TVC) is acquiring Vermont-based TelJet Longhaul, along with its fiber network and colocation facility.
TVC’s existing optical network serves carrier, wholesale and enterprise customers in upstate New York, New Hampshire, Vermont, Massachusetts and Maine, and the acquisition will create a fiber powerhouse in northern New England: TVC will have more than 190,000 fiber miles and nearly 1,100 lit buildings, and will operate a network that spans New York, New Hampshire, Maine and Vermont, and reaches Canada.
“Acquiring TelJet’s fiber network and colocation facility is very exciting news for Tech Valley Communications,” said 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.”
The transaction is expected to close within the next 90 days, subject to customary closing conditions and regulatory approval.
“TelJet’s mission is to deliver the solutions necessary for our clients to compete effectively on a local and global basis – and we will continue to hold true to that mission,” said Greg Kelly, founder and president of TelJet. “Now as part of TVC, we will be better equipped to fulfill that mission. This transaction provides us the resources necessary to expand our service set and capabilities in Vermont and New Hampshire, which in turn will benefit our clients and help to create new jobs throughout the region. My staff and I are looking forward to joining the TVC team and continuing to provide the outstanding service and support that our customers have come to expect.”
