City commissioners unanimously approved the agreement, which is expected to close in January, a news release states.
The deal includes all of the communications utility’s fiber infrastructure assets and customer accounts. The city will retain access to the fiber-optic connectivity comprising its existing enterprise network over which the vast majority of the city’s operations run. With the money from the sale, city officials plan to continue investing in public capital improvements throughout the community, the release states.
Leesburg has done business with Summit Broadband for several years, both as a customer and as a wholesale communications service provider, City Manager Al Minner says.
“We selected them to purchase our network because they are a well-established telecommunications service provider with more than 20 years’ experience and are a local company based in Central Florida,” the city manager states in the release. “Additionally, they offer the same product suite as the city does, so customers will experience a smooth transition as Summit Broadband integrates our network into its Central Florida footprint.”
Summit Broadband provides voice, video, data, and high-speed internet services to commercial and residential customers, as well as ethernet and dark fiber transport to enterprise and carrier customers. Summit, in operation since 1994, owns and operates its own fiber-optic networks, with a reach of more than 800 fiber route miles, serving multiple industries and communities throughout the company’s territory.
“We are excited to add Leesburg’s fiber assets to our robust fiber-optic network in the region,” Mark Lipford, chief operating officer at Summit Broadband, says in the release. “Customers will continue to receive the high-quality service they have come to expect from the city of Leesburg, while getting the opportunity to explore additional solutions and services to enhance their telecommunications package further.”
For more information, visit summit-broadband.com.