Divestiture • Communications

Sunset Digital Acquires BVU OptiNet Fiber Optic Network

On September 25, 2018, Sunset Digital acquired communications company BVU OptiNet Fiber Optic Network from BVU Authority

Acquisition Context
  • This is Sunset Digital’s 1st transaction in the Communications sector.
  • This is Sunset Digital’s 1st transaction in the United States.
  • This is Sunset Digital’s 1st transaction in Virginia.

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M&A Deal Summary

Date September 25, 2018
Target BVU OptiNet Fiber Optic Network
Sector Communications
Buyer(s) Sunset Digital
Sellers(s) BVU Authority
Deal Type Divestiture

Target Company

BVU OptiNet Fiber Optic Network

Bristol, Virginia, United States
BVU OptiNet Fiber Optic Network is a provider of fiber optics services.
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Buyer Overview 1

Buyer

Sunset Digital

Duffield, Virginia, United States

Category Company
Founded 2003
Sector Communications
DESCRIPTION

Sunset Digital is a tier-two next generation fiber optics services company. Sunset provides broadband Internet, private data, Internet Protocol Television, and Telephone services to residential customers, small business, medical facilities, banks and other Internet service providers. Sunset Digital was founded in 2003 and is based in Duffield, Virginia.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

BVU Authority

Bristol, Virginia, United States

Category Company
Founded 1945
Sector Utilities
DESCRIPTION

BVU Authority is a provider of electric, water and wastewater services. BVU Authority was founded in 1945 and is based in Bristol, Virginia.


Deal Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1