Birch Communications alerted us this morning that it has signed an asset purchase agreement to acquire select customer and network assets from Lightyear Network Solutions, Inc.
As a provider of data, voice and Wi-Fi telco services to SMBs, Lightyear is expected to close this, its 18th acquisition since 2006, during Q3 this year.
“This acquisition strengthens the breadth and scope of the Birch IP-Network. Lightyear’s Metaswitch-based facilities network, Hosted-PBX offering, and switching center in Lexington, Ky., complement our current business operations,” said Vincent M. Oddo, Birch president and CEO. “In addition, several new markets within Kentucky will be added to our network footprint which will expand our overall Birch IP-Network to 11 states. Following this acquisition, Birch will be providing service to customers in all 50 states and the District of Columbia.”
The proposed transaction is subject to Lightyear shareholder approval, customary regulatory approvals, and other closing conditions.
