Waltham, Masachusetts and North Haven, Connecticut – (The Hosting News) – September 12, 2005 – CTC Communications, the largest integrated communications provider headquartered in New England, has announced that it has agreed to acquire Connecticut Broadband, the largest competitive telecommunications service provider based in the state of Connecticut, pending regulatory approval.
The new company will continue to service Connecticut locally from sales and operations locations in Hamden, North Haven and Hartford. CTC’s corporate offices are located in Waltham, Massachusetts.
CTC Communications has provided Internet and telephone services to business customers throughout the Northeast and Mid-Atlantic regions for more than 20 years. Connecticut Broadband has provided Internet, data and voice services throughout Connecticut since 2004 when the company was formed from the merger of Connecticut Telephone, established in 1980, and Partner Communications, founded in 1996.
This investment by CTC will provide Connecticut businesses and municipalities with a financially strong and customer-focused telecommunications partner by combining Connecticut Broadband’s experience in data networking with CTC’s success in implementing business-grade Voice over IP (VoIP) services. CTC has been providing carrier class voice and data services over its fiber optic-based all-IP network since 2000 and is the enterprise VoIP market leader throughout the northeast and Mid-Atlantic regions.
Ray Allieri, President and Chief Executive Officer at CTC Communications described the developments, “We welcome the customers and employees of Connecticut Broadband to CTC. This transaction reaffirms CTC’s commitment to providing businesses across the Northeast with enhanced telecommunication services. This expansion of our secure network enables us to offer integrated voice, data and Internet bundles to businesses at very competitive prices.”
“Connecticut Broadband and CTC share a business philosophy that focuses on strong client relationships and responsive customer service,” said Bill Kaliszewski, president and CEO, Connecticut Broadband. “This transaction strengthens our ability to provide next generation telecom services while our Connecticut-based staff continues to deliver personalized attention to customers.”
“This transaction further improves the density of CTC’s network penetration and associated economics,” explained Kenneth Peterson, Jr., chairman of CTC and CEO of Columbia Ventures, parent of CTC. “Profitable growth provides our company and customers with significant advantages. Increased scale allows us to provide more cost-effective solutions to our customers. We intend to become the premier competitive telecommunications service for businesses from Maine through the Mid-Atlantic.”
Daniels and Associates, L.P. of Denver, CO represented Connecticut Broadband in the transaction. Terms of the agreement were not disclosed. The companies expect to receive prompt approval from regulatory agencies.
The acquisition of Connecticut Broadband is the second major transaction by CTC Communications in less than six months. In May 2005, Lightship Telecom merged with CTC Communications.
Visit CTC Communications online at www.ctcnet.com.
Please visit Connecticut Broadband at: www.ctbroadband.com.