C Spire is continuing its push into Alabama with a definitive agreement to acquire Troy Cablevision. The service provider serves part of the Wiregrass region that is in the southeastern part of the state.
The transaction, which includes the Union Springs Telephone Company, covers business and residential customers in Pike, Coffee, Crenshaw, and Dale counties. The company is headquartered in Troy and has regional offices in Elba, Enterprise, Luverne and Ozark.
Financial terms were not disclosed, but C Spire said no layoffs are expected after the deal closes.
The Troy Cablevision acquisition, according to C Spire CEO Hu Meena “shows our commitment to our Alabama expansion by positioning us to leverage the relationship between the talented, dedicated team and their many long-term customers. The high quality, fiber optic-based infrastructure positions us very effectively to deliver broadband fiber services throughout the state.”
Troy Cablevision, which traces its history to 1985, now serves about 54,000 households and 3,681 businesses. Its 10G-capable network consists of 595 fiber miles over a 2,521 square mile footprint in the four counties it serves. The 4 TB capacity fully redundant access network features metro Ethernet and layer 3 services supported by dense wavelength division multiplexing (DWDM).
“Becoming a part of the C Spire family will allow us to provide further enhanced services to our customers,” said Jake Cowen, Chief Financial Officer and General Manager of Troy Cablevision in a press release. “We will remain committed to offering the same hometown service, but with even better technological capabilities to improve quality and variety of services.”
The acquisition is another step in C Spire’s move into Alabama. Other key steps:
- In December 2020, C Spire acquired business and consumer telecommunications provider Harbor Communications LLC. The company served Mobile and Baldwin counties on Alabama’s Gulf coast.
- In January, C Spire said that it would embark on a $1 billion expansion featuring high speed fixed and 5G mobile networks in Mississippi and Alabama. Alabama will get about half of the investment.
- In August, the company began construction of a 243 mile fiber link between Meridian MS and Homewood AL. The company said it would cross Lauderdale County in Mississippi and Sumter, Greene, Tuscaloosa, Jefferson and portions of Bibb counties in Alabama.