LiveOak Fiber Set to Acquire Alma Telephone Company’s Fiber Network Assets in Glynn and Camden Counties
The strategic acquisition of ATC’s Glynn and Camden fiber network assets expands LiveOak’s reach to Camden County, GA
BRUNSWICK, GEORGIA – February 2, 2023 – LiveOak Fiber, a regional service provider building and operating a world-class broadband network, announces its intent to acquire Glynn and Camden Counties fiber network assets from Alma Telephone Company (ATC) Broadband, a Telecommunications Company based in Alma, Georgia.
The strategic acquisition of ATC’s fiber network assets in these two counties allows LiveOak to strengthen its service delivery capabilities throughout the Golden Isles of Georgia’s Southeast coastline in Glynn and Camden County Georgia and will bring great advantages to residents and businesses in these underserved counties. Residents and Businesses can expect packages that start at 500Mbps and go up to 10 Gbps, include premium managed Wi-Fi with no contracts and no data caps. LiveOak is disrupting the market with its next-generation high-speed fiber broadband, offering internet the way it should be.
“Over the past several years, ATC has recognized the need for reliable residential broadband services in Glynn County and Camden County,” says Teddy Solomon, Chief Executive Officer of ATC Broadband. “This acquisition is a boon to the community. We are confident that LiveOak Fiber has the local resources, experience, and enthusiasm to take our network and expand it in a way that ensures both communities gain access to the best possible broadband experience.”
“The acquisition of this ATC Broadband fiber asset reinforces our commitment to serve the Golden Isles and enables LiveOak Fiber to expedite our timeline for buildout in Glynn County and expands our service area to include the businesses and residents of Camden County. We will build upon the great work of ATC by offering the highest quality Internet services and speeds in the region, coupled with superior local customer service,” adds Jody Craft, President at LiveOak Fiber.
The network assets LiveOak is acquiring from ATC were built to provide high-speed fiber network services to medical and business communities throughout Glynn and Camden Counties. Over its decades of telecommunications service experience, ATC’s robust network and pristine customer service has successfully competed against national service providers in South Georgia for many years. ATC looks forward to maintaining a portion of their customers and interests in this space and continuing to harness the healthy relationships that has made them who they are today.
LiveOak is committed to investing in the communities they serve by delivering the digital infrastructure needed for students, teachers, remote workers, residents, office workers, entrepreneurs, and local organizations that drive economic growth and support thriving communities. Residents and business owners can visit the LiveOak website to check availability in their neighborhoods.
Learn more about LiveOak Fiber’s services and receive updates on the company’s network construction plans and employment opportunities: www.liveoakfiber.com
About LiveOak Fiber:
LiveOak Fiber is building a world-class fiber network to deliver the fastest broadband internet to homes and businesses. The company is committed to investing in the communities they serve by delivering modern digital infrastructure needed to improve the quality of life and drive economic growth. Learn more about our investments in quality of life at www.liveoakfiber.com and follow us on LinkedIn, Twitter, and Facebook.
- Q Advisors, a leading global TMT investment bank, acted as the exclusive financial advisor to LiveOak in connection with this transaction.
- Sterling Business Law is the general counsel for LiveOak and was the legal advisor for the transaction.
- Womble Bond Dickinson , a transatlantic law firm with more than 1,100 lawyers based in 30 UK and US office locations serving clients across every business sector, provided legal and regulatory services in connection with this transaction.
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