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Atlantic Broadband to Buy Thames Valley Communications
Atlantic Broadband to Buy Thames Valley Communications
January 13, 2020
Groton — Atlantic Broadband announced that it will buy Thames Valley Communications for $50 million, a step the company said will allow it to reach about 10,000 new customers east of the Thames River.
Atlantic Broadband operates in New London, Waterford, East Lyme, Montville, Griswold, Killingly, Plainfield, Sterling and Putnam, while TVC operates in Groton, Mystic, Stonington, Pawcatuck and Gales Ferry.
Andrew Walton, a spokesman for Atlantic Broadband, said the deal makes sense as the two companies have adjacent territories in similar markets in southeastern Connecticut. He said Thames Valley has strong local operations in the region, quality infrastructure, and a commitment to southeastern Connecticut, qualities that Atlantic Broadband shares.