Atlantic Broadband, the nation´s eighth-largest cable operator, has signed a definitive agreement to purchase Thames Valley Communications, a broadband services company operating in Southeastern Connecticut, the company said.
The transaction is subject to customary regulatory approvals and is expected to close within three months. Upon closing of the transaction, Atlantic Broadband will add approximately 10,000 customers to its operations in Connecticut.
This acquisition allows Atlantic Broadband to expand its presence in a market where the company is already well established following its acquisition of MetroCast´s Connecticut operations in 2015.
Atlantic Broadband was advised on this transaction by Morgan Lewis LLP as legal counsel. Thames Valley Communications was advised by RBC Capital Markets as M&A advisor and Lowenstein Sandler LLP as legal counsel.
Atlantic Broadband, a subsidiary of Cogeco Communications Inc. (TSX: CCA), is the eighth-largest cable operator in the United States, based on the number of television service customers served. The company provides its residential and business customers with Internet, TV and phone services in 11 states: Connecticut, Delaware, Florida, Maine, Maryland, New Hampshire, New York, Pennsylvania, South Carolina, Virginia and West Virginia. It is headquartered in Quincy, Massachusetts. To learn more, visit https://atlanticbb.com.