i3 Broadband, a Midwest FTTH provider of 100 percent fiber-optic broadband service, announced last week that it has closed the acquisition of Big River Broadband, primarily a commercial communications company, and its wholly owned subsidiary Circle Fiber, a fiber-optic internet provider serving southeast Missouri communities. The combination allows i3 Broadband to further expand its ultra-high-speed fiber-optic footprint to residential and commercial customers across central Illinois and eastern Missouri.
i3 Broadband is expected to invest an additional $100M to grow the southeast Missouri market and provide next generation broadband services to additional communities.
“We are thrilled to have completed this acquisition. Big River Broadband/Circle Fiber shares our vision of providing customer-focused fiber-optic telecommunication services to homes and businesses,” said i3 Broadband CEO Paul Cronin.
Big River Broadband/Circle Fiber currently serves customers in Cape Girardeau, Perry, St. Genevieve, St. Francois, Butler, Washington, Bollinger, and Scott counties in Missouri. The acquisition allows i3 Broadband, based in Peoria, Illinois, to leverage Big River Broadband/Circle Fiber’s network infrastructure and gigabit speed upgrades in these markets as part of the company’s rapidly expanding footprint in the region.
“Since our launch in the St. Louis market, we have been looking for a trusted partner to accelerate the growth of our footprint in Missouri. Big River Broadband/Circle Fiber is providing state of the art products and services in southeast Missouri, making it a perfect fit.” Cronin added. “We look forward to working with Big River’s outstanding leadership team, integrating as a company, and welcoming their employees to i3 Broadband.”
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