Monday, December 10, 2007

Surewest Acquires Everest Broadband

Surewest is a California independent telco that acts as an incumbent in one area near Sacramento, California and as a competitive FTTH carrier in another area also near Sacramento. Surewest has agreed to acquire Everest Broadband, a competitive carrier offering voice, data, and video broadband services in areas near Kansas City. This acquisition will complete by the end of 1Q08 and will double Surewest's IPTV subscriber base with an expected total of 54 thousand.

This is an interesting move for SureWest. There are about 1,000 small, independent telcos in the U.S., so there is plenty of opportunity for further consolidation. Surewest is a solidly managed company and should do well with this and possibly other acquisitions.

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