Mid-Atlantic Broadband acquires tower services division
South Boston-based Mid-Atlantic Broadband Communities Corp. (MBC) has acquired the Tower Services Division of Gamewood Technology Group Inc.
As a result, MBC will establish a new subsidiary, MBC Towers Inc.
Established in 2004, the nonprofit MBC operates an open-access, fiber-optic network in Southern Virginia, providing wholesale telecommunications services, colocation and tower leasing.
“This acquisition is a major step in our mission to build a long-term and sustainable telecommunications ecosystem in rural Virginia,” Tad Deriso, the president and CEO of MBC, said in a statement. “We look forward to additional acquisitions and partnerships that will continue to enhance our mission of bridging the digital divide and expanding advanced broadband infrastructure in Virginia.”
MBC said that, as the use of mobile devices and demand for wireless broadband continue to grow, a key component of expanding broadband coverage in rural Virginia is access to more tower sites. MBC currently owns six tower sites and is building another seven sites in Virginia.
MBC Towers will be headed by general manager John Wolchko, the former director of tower construction and services for Danville-based Gamewood Technology.
Alfredo Echeverria will serve as the director of business development for MBC Towers.