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.
Champlain Broadband emerged as the lead candidate to acquire Burlington Telecom after a lengthy municipal search for private investors to maintain the network.
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Tune in to Broadband World News Radio on February 14 at 11 a.m. ET / 8 a.m. PT / 4 p.m. UK when John Isch, Practice Director of the Network and Voice Center of Excellence at Orange Business Services, discusses use cases, ROI and misconceptions of software-defined wide-area networks, virtualization and cloud.
Consumers are buying millions of IoT devices, from smart thermostats and security systems to intelligent entertainment setups and furniture. Yet many of these devices remain isolated because home users are uncomfortable connecting them to each other – or even their WiFi. After all, their WiFi network was probably designed only to handle a few laptops, a gaming system and a couple of smartphones. Now, demand on the network is surging and even though you're delivering 100 Mbps to 1 Gbps, that doesn't necessarily mean the broadband power is in the right place or reaches every corner of a home.
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