Eatel venyu baton rouge business report

The company also touts its 1 gig residential service, Gigablast, which it says will be available to its entire south Louisiana footprint by the end of this year, something few others offer.

Eatel sold

Both telephone companies were launched in the home of their founding family. New services? Even more appealing, both companies already fare quite well for themselves along that stretch, holding their own against bigger players in their respective areas. Last year, while exploring an acquisition opportunity in Arizona, a broker made an offhanded comment to him about the Eatel auction; Ironside stopped in his tracks and grabbed his phone. In a former life, Sean Reilly gained experience in telecommunications as head of a wireless company for a stint in the s. After waiting patiently for five years, it took minutes to make the decision. Eatel has some 50, customers in a wider footprint, while RTC, with its more rural base, has 10, Features include: physical security, redundant bandwidth, power and air handling systems. Rather, in a case of the tiny buying the small, it was RTC—a little known Reserve-based telecom provider—that was acquiring Eatel. Local analysts had expected as much for years. The entity that would end up buying Eatel was not some large, out-of-state competitor, nor was a private equity firm with its sights set on the company. Not many other markets have something like that, he adds. Both companies will retain their individual brands.

Not ones to micromanage, however, the brothers have for years kept a low profile when it comes to RTC. In an industry rife with mergers and acquisitions, Eatel—a small, yet profitable company with a sizable fiber network—seemed the ideal prey, waiting to be gobbled up by bigger players hungry for a good deal.

Reserve communications and computer corporation

James and Lafourche parishes. The company also touts its 1 gig residential service, Gigablast, which it says will be available to its entire south Louisiana footprint by the end of this year, something few others offer. After waiting patiently for five years, it took minutes to make the decision. John and St. Competition in the Baton Rouge telecommunications industry, though, is fierce. Managed Hosting Hand off your IT systems to our certified expert engineering team to manage everything or a portion of your environment. Rather, in a case of the tiny buying the small, it was RTC—a little known Reserve-based telecom provider—that was acquiring Eatel. James and entering Lafourche Parish. Both telephone companies were launched in the home of their founding family. Ross Reilly is also confident in the approach, saying the fiber technology will become even more important in a 5G world.

Under the RTC-Eatel deal, the two will remain local, family-owned and community-oriented, retaining a sense of familiarity among customers. Competition in the Baton Rouge telecommunications industry, though, is fierce.

Who bought eatel

And even when 5G is deployed, fiber will be needed to transmit it. Competition in the Baton Rouge telecommunications industry, though, is fierce. The Reillys consider the acquisition of Eatel as their ability to participate in whatever 5G may bring. Not many other markets have something like that, he adds. This is a prized asset. The family also has an interest in the business of private equity, though Kevin Reilly says their strategy is a bit different than a traditional investor, as they prefer to buy and hold rather than buy and sell. Both companies will retain their individual brands. Already a subscriber? Last year, while exploring an acquisition opportunity in Arizona, a broker made an offhanded comment to him about the Eatel auction; Ironside stopped in his tracks and grabbed his phone. Future acquisitions? In an industry rife with mergers and acquisitions, Eatel—a small, yet profitable company with a sizable fiber network—seemed the ideal prey, waiting to be gobbled up by bigger players hungry for a good deal.

With the help of significant financial backing is how. Local analysts had expected as much for years. When they bought RTC, they made a commitment, telling Ironside it was forever.

rtc eatel

On its face, the deal essentially combines the two local providers, integrating operations while keeping Eatel intact.

The deal closed May 31, less than a month ago, and the immediate focus is on merging operations.

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