Wednesday, December 26, 2018

RTC to Acquire FTTH Pioneer EATEL

RESERVE, LA —Reserve Communications and Computer Corporation (RTC), one of Louisiana’s leading telecommunications companies, announced that it has entered into a definitive agreement to acquire EATEL, a premier provider of telecommunications, internet, video, security, and data center services in Louisiana.

Throughout its history, EATEL has strategically positioned itself as a leading regional provider of fiber-based and data center services through its state-of-the-art network and facilities.

RTC will acquire all of the outstanding membership interests of EATELCORP, L.L.C. from its current owners through a merger transaction. EATELCORP, L.L.C. will be the surviving entity to the merger transaction and a wholly-owned subsidiary of RTC upon closing. The transaction is expected to close in the first half of 2019.

Consolidated Management Teams
Upon consummation of the closing, the senior management teams of RTC and EATEL will be consolidated and the combined RTC and EATEL operations will be headquartered in Gonzales, Louisiana. There are no plans to reduce staffing at any level in either organization and each entity will retain its local identity. Upon consummation of the closing, EATEL and RTC will work jointly to expand opportunities for customers and businesses in southeast Louisiana and the surrounding area.

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Thanks to BBC Wires (see source)

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