Atria Networks Acquires Peterborough Utilities Inc.’s Telecom Assets

Atria Networks LP announced that it has acquired the telecom assets of Peterborough Utilities Inc., supplier of fibre-optic and wireless services for the City of Peterborough and surrounding areas.

Since 1997, Peterborough Utilities has been responsible for building, owning and operating a world-class fibre-optic network in its service communities. More recently, they have begun supplying wireless services to select customers.

“At Peterborough Utilities, we realized that it would be very challenging to continue to grow our telecom business beyond our traditional service territory. However many of our customers wanted us to support a much wider coverage area. We determined that it was better for our customers and our Shareholder, the City of Peterborough, to undertake a strategic divesture to a larger and a more diversified telecom provider. We are confident that our customers will be well served by Atria Networks,” said Larry Doran, President & CEO of Peterborough Utilities Inc.

For Atria Networks, the acquisition of Peterborough Utilities telecom assets follows the addition of Telecom Ottawa in May of this year.

Atria CEO Steve McCartney indicated that this purchase provides a critical link for markets in Eastern and Central Ontario, as part of a corporate strategy to join utility telecom networks across the entire province.

Consistent with its growth strategy, Atria will soon directly connect Peterborough and surrounding areas to existing fibre infrastructure in Ottawa, York Region, Barrie, Hamilton and Waterloo-Wellington regions, providing businesses and public sector customers with seamless access to one of Ontario’s largest fibre-optic networks.

“Atria began as a public utility telecom,” said McCartney. “We understand how these companies operate, and how important our services are, not just to local business customers, but to the community as a whole.”