Truvista Fiber will acquire Slyvester, Georgia-based municipal telecom provider SlyTel for an undisclosed price, according to an announcement yesterday. Once the transaction closes, SlyTel will operate under the Truvista Fiber name. Customers will be moved to the Truvista network over the next several weeks.
With Truvista Fiber, former SlyTel customers will be able to access new video and voice products and will have the option to purchase 2 Gig or 5 Gig speeds.
“We are committed to enhancing the quality of life in the areas we serve,” Truvista President and CEO Carla French said in a prepared statement about the SlyTel acquisition. “By keeping our focus on the customer experience, we bring innovation, growth and community progress to local families and businesses.”
Truvista is a provisional award winner in the Broadband Equity, Access, and Deployment (BEAD) Program in South Carolina. As announced earlier in the fall, Truvista stands to be awarded $6.2 million for its fiber project. As of this writing, South Carolina is among the 29 states whose BEAD awards have been approved by the National Telecommunications and Information Administration (NTIA).
“Our goal with municipal utilities is to provide the best service at the best value,” said Chris Davis, city manager of Sylvester, the municipality that owns SlyTel.
“The telecommunications industry has become complex enough that we were looking for a partner with the ability to invest in the network and offer residents the best products, while keeping our commitment to top-tier customer service. We found that with Truvista, and we are excited for what this will mean for our city.”
SlyTel is not Truvista’s first acquisition. About four years ago, Truvista announced its acquisition of PlantTel, which provided high-speed data, video, voice, and other communications services to customers in its incumbent service territories as well as competitive market areas beyond the boundaries of its local exchanges.
Under Truvista’s ownership, PlantTel planned to continue its strategy to provide best-in-market telecommunications solutions and leading customer service, while continuing to expand in Southern Georgia.
