C Spire is acquiring Troy Cablevision Inc. in a move that will expand C Spire’s growing broadband access in the Wiregrass. The transaction includes Union Springs Telephone Co. Inc. and is subject to regulatory approvals.
“Following up on our previously announced commitment to invest approximately $500 million in fiber-based network deployment and enhancements throughout Alabama, we are extremely excited to deepen our Alabama roots with this transaction by providing services to the Wiregrass,” said Hu Meena, CEO of C Spire.
The firm says it will make a seamless transition for Troy Cablevision customers and notes that the acquisition is not expected to result in any layoffs, given C Spire’s goal of growing within the region.
Founded in 1985, Troy Cablevision provides cable TV, internet, fiber broadband and other services to business and residential customers in Pike, Coffee, Crenshaw and Dale counties. The company is headquartered in Troy with regional offices in Elba, Enterprise, Luverne and Ozark.
“Becoming a part of the C Spire family will allow us to provide further enhanced services to our customers,” said Jake Cowen, general manager and CFO of Troy Cablevision. “We will remain committed to offering the same hometown service, but with even better technological capabilities to improve quality and variety of services.”
C Spire is a privately owned telecommunications and technology company based in Mississippi. It provides wireless, fiber broadband and business IT solutions such as internet, VoIP, cloud and managed services. In September, the company completed a 225-mile fiber optic cable route along the Gulf Coast, from Kiln, Mississippi, to Mobile County.