Fastwyre adds Alabama's Moundville Communications to U.S. fiber broadband expansion

Jan. 11, 2023
The new acquisition, effective Jan. 1, expands Fastwyre’s presence into its sixth state as it begins to offer broadband services in Alabama and elsewhere in the U.S. under the Fastwyre name.
Fastwyre Broadband
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On Jan. 9, Fastwyre Broadband, a broadband service provider (BSP) to communities throughout the United States, announced it has completed its acquisition of Moundville Communications, Inc., a telecommunications provider in Alabama.

The acquisition, effective Jan. 1, expands Fastwyre’s presence into its sixth state as it begins to offer broadband services in Alabama under the Fastwyre name.

Beyond Alabama, Fastwyre in a statement noted is continuing to make significant strides toward commencing its fiber broadband services in previously announced communities in Louisiana, Missouri and Nebraska.

The company expects to begin offering services in its new markets in the first quarter of 2023.

Company profile

American Broadband Holding Company dba Fastwyre Broadband is a premier provider of broadband services incluing internet, phone, and video to customers in Alabama, Alaska, Louisiana, Missouri, Nebraska and Texas.

Last year, American Broadband, TelAlaska, and Cameron Communications combined under the name Fastwyre Broadband. The combined entity operates as a portfolio company of Madison Dearborn Partners, a Chicago-based private equity firm, and Catania ABC Partners.

Fastwyre notes it partners in the growth and economic vitality of its communities by providing broadband and other advanced services to support new business activity and job growth.

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“We are thrilled to kickstart 2023 with the successful acquisition of Moundville Communications. We would like to welcome the customers of Moundville Communications to Fastwyre, and we are pleased to have the opportunity to provide you with the same best-in-class service that our existing customers enjoy today. This acquisition accelerates our growth by providing immediate access to vibrant communities in Alabama. We look forward to furthering the expansion of our high-quality, reliable broadband services into new Alabama communities, including those in Hale and Tuscaloosa Counties.”

-- Chris Eldredge, CEO of Fastwyre

“Today marks a new chapter for Moundville Communications as it joins Fastwyre. With the support and resources of Fastwyre, we are poised to be the preferred regional fiber-based broadband provider in the area. I look forward to continuing my journey with Fastwyre and supporting the expansion of high-quality broadband services to new communities in Alabama.”

-- Scott Taylor, former president and CEO of Moundville Communications

“We are extremely happy to have partnered with Scott Taylor on this transaction. We are excited to welcome the Moundville Communications’ customers to Fastwyre and ensure they have a seamless experience. With this successful transaction complete, we are striving to spark a year of new acquisition and partnership opportunities throughout Alabama and the U.S.”

-- Jason Nicolay, SVP of Corporate Development at Fastwyre