Mishawaka, Ind. -- Schurz Communications announced today that, following recent regulatory approval and a vote of the Burlington City Council approving the sale, its subsidiary Champlain Broadband has closed the transaction to acquire Burlington Telecom in Vermont. Schurz Communications is a privately held communications company formed in 1872 that owns several other regional broadband operations and has a variety of cloud, digital and advertising holdings comprising its technological communications portfolio.
Burlington Telecom has been a municipally owned and operated advanced fiber optic network serving the city of Burlington, Vt. since 2003. The company will continue to be managed locally in Burlington and operate under the name Burlington Telecom while honoring all aspects of the asset purchase agreement signed in December 2017.
"For five generations, Schurz Communications has focused on connecting communities through access to information and empowering engagement," said Todd Schurz, president and chief executive officer at Schurz Communications. "We are committed to fulfilling the potential for Burlington Telecom moving forward, and this addition to our portfolio is consistent with Schurz' mission of building partnerships that help solve problems, unite people and delight subscribers. We appreciate the Vermont Public Utilities Commission's approval of the transaction and look forward to partnering with the City of Burlington."
With roots in publishing and broadcasting, Schurz Communications has evolved its business strategy with the purchase of cable, telco, broadband companies starting in 1968. In February 2018, Schurz Communications announced that it had acquired leading compliant hybrid cloud provider, Online Tech, LLC, showing its commitment to diversify in adjacent industries. An additional investment in the cloud infrastructure assets of Neverfail was announced in December 2018 and highlighted the company's interest in expanding Online Tech's presence on a global scale.
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In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.
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Plus, special guest, Alice Lawson, Broadband and Cable Program Manager for the City of Seattle, will discuss Seattle’s B4B-Build For Broadband initiative that addresses best practices in planning for MDU telecommunication infrastructure.