|By Marketwired .||
|August 6, 2014 12:38 PM EDT||
RYE BROOK, NY--(Marketwired - August 06, 2014) - Vyve Broadband recently completed the acquisition of certain assets of Reach Broadband and all the assets of Lakeview Cable, whose systems complement the Company's existing footprint in Oklahoma. The acquisitions in Eufaula, Cache, Pecan Valley and the surrounding communities will increase homes passed by 7,000, to approximately 310,000.
Vyve Broadband is a next-generation broadband MSO led by President and CEO Jeffrey S. DeMond and EVP and CFO Andrew Kober. The company's aggressive growth plan was first announced through the acquisition of certain assets of Allegiance Communications and James Cable 2013. These recent "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 a state of the art voice platform, consistent with the Company upgrade strategy across the country. The former Reach and Lakeview systems have been immediately merged into Vyve's existing operations.
"Vyve is laser-focused on creating customer experiences that are unequaled in broadband speed and entertainment value," said Jeffrey DeMond, chief executive officer for Vyve Broadband. "With a Vyve Broadband connection, customers will have access to the wide array of content choices they deserve."
Upgraded networks providing best-in-market, 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). By year-end, network upgrades will be complete in additional communities in OK, TX, AR, KS, LA, TN, GA, CO and WY.
Increased Internet speeds in these and other Vyve markets are coordinated with other expanded Vyve offerings, such as Watch TV EverywhereTM -- which Vyve Broadband video customers can use to watch their favorite shows from participating channels anytime, anywhere and on any device -- and the new Vyve HD Guide, powered by TiVo®, which helps users find the exact programming they want, quickly and easily.
Customers interested in additional information regarding Vyve Broadband are encouraged to visit VyveBroadband.com.
About Vyve Broadband LLC
Vyve Broadband is an innovative company, founded in 2012 serving largely non-urban communities in nine states including OK, TX, AR, KS, LA, TN, GA CO, and WY. A technology leader in the cable and broadband sectors, Vyve Broadband offers an extensive range of broadband, fiber connectivity, cable television and voice services for commercial and residential customers. Vyve was formed as a platform to provide the very best next-generation services and features available, combined with a sector-leading customer experience. Residential services include high-speed Internet with speeds up to 105Mbps, all-digital, high-definition video and fully featured digital voice. Vyve Business Services provides optical Ethernet, PRI and hosted voice services to the business community.
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