Tech Valley Communications to acquire TelJet Longhaul to expand fiber-optic network

April 2, 2013
Fiber-optic network services provider Tech Valley Communications (TVC) says it has agreed to buy substantially all of the assets of TelJet Longhaul, LLC, including TelJet’s fiber-optic network and 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.

Fiber-optic network services provider Tech Valley Communications (TVC) says it has agreed to buy substantially all of the assets of TelJet Longhaul, LLC, including TelJet’s fiber network and 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.

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.

“Acquiring TelJet’s fiber network and colocation facility is very exciting news for Tech Valley Communications. 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,” commented Kevin O'Connor, CEO and co-founder of TVC.

“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,” added Greg Kelly, founder and president of TelJet Longhaul. “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.”

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