Private equity firm GTCR has signed a definitive agreement to acquire Vyve Broadband from BBH Capital Partners. In a separate deal, GTCR has also signed a definitive ...
VyveLogo Vyve Broadband is increasing Internet speeds throughout its nine-state footprint. The services will be built around the company's new 25, 50 and 105 Mbps core service offering. Vyve is in the process of moving all of its standard Internet customers to 25 Mbps (in most cases from 10 Mbps) and will offer 105 Mbps service as part of its. The maximum possible download speed for our ‘Gig' service is 960 Mbps; we typically deliver download speeds ranging from 870-930 Mbps and upload speeds of up to 15Mbps. Our ‘Gig' service and 500Mbps service require site verification. VyveLogo Vyve Broadband is increasing Internet speeds throughout its nine-state footprint. The services will be built around the company's new 25, 50 and 105 Mbps core service offering. Vyve is in the process of moving all of its standard Internet customers to 25 Mbps (in most cases from 10 Mbps) and will offer 105 Mbps service as part of its offering.
Private equity firm GTCR has signed a definitive agreement to acquire Vyve Broadband from BBH Capital Partners. In a separate deal, GTCR has also signed a definitive agreement to acquire the broadband assets of Eagle Communications. The acquisitions will be completed through GTCR's management partnership with Mega Broadband Investments, a management startup with Phil Spencer that focuses on acquiring rural broadband assets. GTCR first partnered with Spencer in 2012 to form Rural Broadband Investments.
Founded in 2012, and operationally headquartered in Shawnee, OK, Vyve provides high-speed data, video and voice services to residential and business customers in rural markets across Oklahoma, Kansas, Texas, Arkansas, Louisiana, Tennessee, Georgia and Wyoming. The addition of Vyve doubles MBI's footprint and accelerates its strategy of being a scale broadband provider in rural markets. The acquisition comes less than a year after MBI's initial platform investment in Northland Communications, which operates smaller market cable systems in Alabama, California, Georgia, Idaho, North Carolina, South Carolina, Texas and Washington.
'The acquisition of Vyve is an exciting addition to MBI following our recent platform acquisition of Northland,' said Spencer, CEO of MBI. 'Vyve has developed an excellent network in attractive geographies, and we look forward to leveraging Vyve's state-of-the-art infrastructure to continue to roll out enhanced high-speed data services to both our residential and commercial customers. Further, Vyve has an outstanding employee base, and we plan to build upon the excellent work they have done to date in efforts to continuously improve the quality of service to our customers.'
Founded in 1948, and headquartered in Hays, KS, Eagle serves customers across Kansas, Nebraska and Colorado. Eagle also owns and operates a collection of radio stations.
'Eagle's broadband business has been a tremendous asset for our communities as well as its employee-owners,' said Gary Shorman, president & CEO of Eagle Communications. 'Our success has been built on great products and superior customer service. I am excited see the organization continue to prosper under GTCR's ownership and the new leadership team. Our communities will continue to reap the benefits of the planned upgrades combined with Eagle's service excellence. Eagle will continue to be your local broadband and video provider, and I am excited to continue partnering with the business through our radio stations.'
About Vyve Internet Service Provider
Vyve Internet service is known to be one of the best services, especially when it comes to the reliability and speed of the internet connection that allows the customers to stream high-quality videos without obstruction and also downloads large files within seconds.
Furthermore, it offers a powerful WiFi strength that has enough speed to play, stream and upload easily using your various devices. Use the speed test at testmyinternetspeed.org to test your device internet connection speed.
Whether you are a casual internet user who just reads everyday news checks e-mails or even if you are among those users who make a heavy usage to work at home, watch movies, online gaming and even more, Vyve Internet plans have been designed keeping each kind of requirements in mind.
With over millions of users across the world, one of the largest internet providers whose ultra-fast connection is highly reliable, secure and keeps you connected to the entertainment throughout.
Vyve Broadband Internet Speed Test
Use test my internet speed to check Vyve speed test to examine your current internet speeds.
