US fibre operators Oxford Networks and BayRing Communications have completed their previously-announced merger, creating what they describe as the largest competitive telecoms provider in northern New England.
The duo first announced the deal in June this year and the completion follows approvals from the Maine Public Utilities Commission and the FCC. The financial details were not disclosed.
In a joint statement, the companies said the merger was a sound strategic fit for them both as Oxford has a solid footprint in Maine, while BayRing has a strong presence in southern Maine, New Hampshire and Massachusetts.
They said the combined company will operate about 2,000 route miles of fibre optic network connected to nearly 50,000 commercial buildings, four service organisation control (SOC 2) data centres and other major data centres in Maine, New Hampshire and Massachusetts.
The companies noted that the tie-up effectively doubles the new organisation’s revenue streams.
Both Oxford and BayRing will keep their own names for the time being for the sake of brand recognition and remain based in Lewiston and Portsmouth respectively.
Ted Mocarski, chairman of Oxford’s board and a partner at the company’s Canadian private equity owner Novacap, commented: “These two organisations complement each other in so many ways, ranging from their similar history as telephone companies to their evolution as cloud and data centre service providers, yet operate in different markets and niches.
“We’re confident that the new entity will capitalise on each organization’s similarities and unique strengths.”
The new, combined company will provide data centre, managed IT, voice, internet and carrier services.
