Utility Telephone, a provider of business telecommunications in California and northern Nevada, has announced an agreement to acquire the customer base and network assets of Minden, Nev.-based DSL and VoIP provider, WPTI Telecom.
Under the terms of the agreement, Utility will acquire customers throughout the Reno, Carson City and Douglas County markets, and will add a substantial DSL footprint to Utilitys existing Nevada network, which includes a 2.5 Gigabit-per-second fiber-optic network linking Reno, Carson City and Fernley.
WPTIs customer base will now be offered new services such as Ethernet-over-copper, MPLS, Web Hosting and Long-Distance products, in addition to customer-premise equipment.
We are very excited to add a large group of loyal customers to the Utility Telephone family,” said Jason Mills, Founder and CEO of Utility Telephone. Customers demand and deserve reliable service from a company that has a local presence and is accountable. WPTI is an excellent provider with that same local touch, and we know that these new members will be pleased to experience the exceptional value that all customers receive from Utility Telephone.”
Douglas Countys incumbent telephone provider, Verizon Communications, recently sold its assets to Frontier Communications of Rochester, N.Y. The Utility-WPTI deal will provide even more options for business-class communications in the region.
Earlier this year, Utility added local direct sales teams and service technicians, and this transaction further enhances Utilitys market share and depth in the Reno-Douglas market.
Utility Telephone is an excellent match in size, culture and approach to the market for our customers. We know that they will be in good hands,” said Tony Prestigiacomo, chief executive of WPTI Telecom. Utilitys leadership and customer care are unmatched. I cant think of a better organization to further shepherd the relationships weve cultivated with customers here at WPTI.”
This transaction is subject to closing terms and conditions, including regulatory approvals, expected in Q3 2010. Following approval, customers will experience no degradation of service and transfer to Utilitys systems will be expertly executed.