Vyve fills out Oklahoma footprint with acquisitions
Vyve Broadband said it has acquired certain assets of Reach Broadband and all the assets of Lakeview Cable. The acquisitions fill out Vyve’s footprint in Oklahoma.
The former Reach and Lakeview systems have already been merged into Vyve's operations. Vyve (formerly BCI) said that the number of homes it passes increased by 7,000, to approximately 310,000. The acquisitions are in Eufaula, Cache, Pecan Valley and the surrounding communities.
The company has been growing through acquisition since it was founded with the purchases of Allegiance Communications and James Cable in 2013.
The company said the recent acquisitions, which Vyve is calling "tuck-in" transactions, further rationalize the company's footprint by adding markets to ongoing infrastructure upgrades.
The acquired systems will be upgraded to deliver broadband speeds up to 105Mbps as well as all-digital video technology and voice platform.
Jeffrey DeMond, chief executive officer for Vyve Broadband, said, "With a Vyve Broadband connection, customers will have access to the wide array of content choices they deserve."
Upgraded networks providing 105 Mbps Internet speeds are already up and running in Vyve markets such as Shawnee, McAlester, Durant (OK), Waycross and Douglas (GA), New Boston (TX) and Ottawa and Ft Riley (KS), the company said.
By year-end, network upgrades will be complete in additional communities in OK, TX, AR, KS, LA, TN, GA, CO and WY.