FOR IMMEDIATE RELEASE
Contact: Ashley Cisneros
US Metro, Now Part of Summit Broadband, Hosts Press Conference
with the Bonita Springs Estero Economic Development Council
Leadership Will Discuss Acquisition’s Economic Impact on Southwest Florida
Bonita Springs, Fla. (Oct. 4, 2013) – Frank Mambuca, President of Summit Broadband’s Southwest Florida Division and former President & CEO of US Metropolitan Telecom, LLC, along with Summit Broadband CEO Richard Pardy will discuss the economic impact of establishing the Southwest Florida operations of Summit Broadband in Bonita Springs. A press conference will be held on Thursday, Oct. 10 at 9 a.m. The event will take place at the Bonita Springs Area Chamber of Commerce located at 25071 Chamber of Commerce Drive in Bonita Springs, Fla.
Over the past two months US Metro has become a part of Summit Broadband’s expansion to Southwest Florida. The expansion also includes Marco Island Cable and NuVu. Over the next 60 days the combined entities will do business under the brand name Summit Broadband.
Mambuca and Pardy will discuss what residents, business owners and community stakeholders can expect from the acquisition — including job creation, economic impact and new services. “The most significant benefit of this transaction to our customers is that the company will have access to a much larger pool of capital and technical capabilities to support the ever-increasing demand for broadband services,” Mambuca said.
“The merger with Marco Island Cable, NuVu and Summit Broadband, under the auspices of a strong public company, will ensure that our customers have the highest quality broadband telecommunications services, including the fastest, most cost effective phone, high-speed Internet, cable TV, and data transport services in Southwest Florida. The main winners in this transaction are our customers,” he continued. “We are creating competition and giving customers a choice, particularly residential customers.”
Pardy adds that current customers will see very few changes to its strategy and pricing structure.
“The product offering will expand to include cable TV services and further investments in the network infrastructure. The existing management, operations, and sales teams will remain in place to grow the business and to continue to deliver on the commitments, services, and technologies that have been promised to our partners,” Pardy said. “US Metro’s headquarters building in Bonita Springs will become the Southwest Florida headquarters for Summit Broadband.”
The acquisitions are expected to have an immediate positive impact in Southwest Florida. US Metro was the first alternative telecommunications company in Southwest Florida providing competitive services using a 100 percent fiber-optic cable network. US Metro provides world-class phone, Internet, and data transport services to Southwest Florida businesses and to national telecom carriers.
Marco Island Cable was the first cable operation in Collier County to deliver digital television, high definition, and two-way broadband Internet services. Under its NuVu brand, Marco Island Cable has been a technology leader with the first fiber-to-the-home solutions delivered by a franchise operator in Southwest Florida. The company provides services to nearly 15,000 households in Collier County alone. Summit Broadband (formerly Orlando Telephone Company) is a facilities-based communications provider with over 25,000 phone, Internet, and cable TV customers in the greater Orlando market.
The newly merged entity of Summit Broadband will continue to provide businesses and residents of Southwest and Central Florida with a broadband and television communications alternative that is focused on delivering a superior, state-of-the-art product coupled with the finest, most comprehensive customer support in the industry.
About Summit Broadband
Summit Broadband, a telecommunications provider, offers phone, high-speed Internet, cable TV and data transport services to both commercial and residential customers throughout Southwest Florida and Central Florida. The company also offers dark fiber transport to enterprise and carrier customers. Summit Broadband now supplies uncompressed high-definition television and the fastest Internet service available with speeds of 1,000 megabits per second (1 gigabit per second). During 2013 Summit Broadband is merging with US Metro, Marco Island Cable, and NuVu — offering businesses and consumers a nearly 500-mile fiber-optic backbone connecting South Florida, West Florida and Central Florida. For more information, visit http://www.summit-broadband.com.
About the Bonita Springs Estero Economic Development Council
The Bonita Springs / Estero Economic Development Council is organized to build a place to live and work that is economically diverse with a year-round economy that also enhances the environment and reflects the character of the inhabitants of the Bonita Springs / Estero, Florida areas. For more information visit www.BonitaEDC.com or contact Christine Ross at (239) 333-2332 and Christine@BonitaEDC.org.