Michigan Broadband Expands Services in Upper Peninsula
UP Fiber has announced a definitive agreement to acquire AT&T's wireline assets in Michigan's Upper Peninsula, encompassing over 9,000 miles of copper, 1,500 miles of business fiber, and network infrastructure across 40 wire centers serving 9,000+ customers. Michigan Broadband Services, a subsidiary of MachTen (OTC: MACT), will provide comprehensive services to UP Fiber, expanding their network to over 70,000 passings.
Michigan Broadband, currently serving 5,000+ customers, is amid a $100 million fiber-optic upgrade initiative. The partnership aims to establish the largest broadband provider in the Upper Peninsula, with new products and pricing tiers forthcoming. The transaction remains subject to regulatory approvals and customary closing conditions.
UP Fiber ha annunciato un accordo definitivo per acquisire gli asset in rame di AT&T nella Penisola Superiore del Michigan, comprendente oltre 9.000 miglia di rame, 1.500 miglia di fibra per imprese e infrastrutture di rete in 40 centri di distribuzione che servono più di 9.000 clienti. Michigan Broadband Services, una sussidiaria di MachTen (OTC: MACT), fornirà servizi completi a UP Fiber, espandendo la loro rete a oltre 70.000 abitazioni.
Michigan Broadband, attualmente al servizio di oltre 5.000 clienti, è nel mezzo di un'iniziativa di aggiornamento della fibra ottica da 100 milioni di dollari. La partnership mira a stabilire il più grande fornitore di banda larga nella Penisola Superiore, con nuovi prodotti e fasce di prezzo in arrivo. La transazione è soggetta ad approvazioni normative e condizioni di chiusura abituali.
UP Fiber ha anunciado un acuerdo definitivo para adquirir los activos de línea fija de AT&T en la Península Superior de Michigan, que abarca más de 9,000 millas de cobre, 1,500 millas de fibra para negocios y la infraestructura de red en 40 centros de distribución que atienden a más de 9,000 clientes. Michigan Broadband Services, una subsidiaria de MachTen (OTC: MACT), proporcionará servicios integrales a UP Fiber, ampliando su red a más de 70,000 hogares.
Michigan Broadband, que actualmente atiende a más de 5,000 clientes, está en medio de una iniciativa de actualización de fibra óptica de 100 millones de dólares. La asociación tiene como objetivo establecer al proveedor de banda ancha más grande en la Península Superior, con nuevos productos y niveles de precios en camino. La transacción está sujeta a aprobaciones regulatorias y condiciones de cierre habituales.
UP Fiber는 미시간 주의 상부 반도에서 AT&T의 유선 자산을 인수하기 위한 확정 계약을 발표했습니다. 이 계약은 9,000마일 이상의 구리선, 1,500마일의 비즈니스 전용 섬유 및 9,000명 이상의 고객에게 서비스를 제공하는 40개의 전선 센터에 걸쳐 있는 네트워크 인프라를 포함합니다. Michigan Broadband Services는 MachTen (OTC: MACT)의 자회사로, UP Fiber에 포괄적인 서비스를 제공하여 네트워크를 70,000가구 이상으로 확장할 것입니다.
현재 5,000명 이상의 고객에게 서비스를 제공하는 Michigan Broadband는 1억 달러 규모의 광섬유 업그레이드 프로젝트를 진행 중입니다. 이 파트너십은 상부 반도에서 가장 큰 광대역 제공업체를 설립하는 것을 목표로 하며, 새로운 제품과 가격 계층이 곧 출시될 예정입니다. 이 거래는 규제 승인 및 일반적인 마감 조건에 따라 진행됩니다.
UP Fiber a annoncé un accord définitif pour acquérir les actifs filaires d'AT&T dans la péninsule supérieure du Michigan, comprenant plus de 9 000 miles de cuivre, 1 500 miles de fibre pour entreprises et l'infrastructure réseau dans 40 centres de distribution servant plus de 9 000 clients. Michigan Broadband Services, une filiale de MachTen (OTC: MACT), fournira des services complets à UP Fiber, élargissant leur réseau à plus de 70 000 foyers.
Michigan Broadband, qui dessert actuellement plus de 5 000 clients, est en plein milieu d'une initiative de mise à niveau de fibre optique de 100 millions de dollars. Le partenariat vise à établir le plus grand fournisseur de bande passante dans la péninsule supérieure, avec de nouveaux produits et niveaux de prix à venir. La transaction est soumise à des approbations réglementaires et à des conditions de clôture habituelles.
UP Fiber hat eine endgültige Vereinbarung zur Übernahme von AT&Ts Festnetzvermögen in der oberen Halbinsel von Michigan angekündigt, die über 9.000 Meilen Kupfer, 1.500 Meilen Geschäftsfasern und die Netzwerkinfrastruktur in 40 Verteilzentren umfasst, die über 9.000 Kunden bedienen. Michigan Broadband Services, eine Tochtergesellschaft von MachTen (OTC: MACT), wird umfassende Dienstleistungen für UP Fiber bereitstellen und deren Netzwerk auf über 70.000 Haushalte erweitern.
Michigan Broadband, das derzeit über 5.000 Kunden bedient, befindet sich inmitten einer 100 Millionen Dollar umfassenden Glasfaseraufrüstungsinitiative. Die Partnerschaft zielt darauf ab, den größten Anbieter von Breitbanddiensten in der oberen Halbinsel zu etablieren, wobei neue Produkte und Preiskategorien in Aussicht stehen. Die Transaktion steht unter dem Vorbehalt regulatorischer Genehmigungen und üblicher Abschlussbedingungen.
- Significant network expansion from 5,000 to 70,000+ potential customers
- $100 million capital investment in fiber-optic upgrades underway
- Acquisition of substantial infrastructure: 9,000+ miles copper and 1,500 miles business fiber
- Strategic expansion into AT&T's customer base of 9,000+ clients
- Transaction subject to regulatory approval and closing conditions
- Significant capital expenditure required for network upgrades
- Integration costs and risks associated with acquiring legacy copper infrastructure
CARNEY, Mich., March 28, 2025 (GLOBE NEWSWIRE) -- UP Fiber, Inc. today announced that it has entered into a definitive agreement to acquire AT&T’s (NYSE:T) wireline assets located in the Upper Peninsula of Michigan.
The wireline assets represent more than 9,000 miles of copper, 1,500 miles of business fiber, and network infrastructure across 40 wire centers that collectively provide voice and internet service to more than 9,000 residential and business customers.
“This is an exciting opportunity to accelerate the development of broadband communications for the people who live and work in the Upper Peninsula,” commented Dan Miller, Chief Executive Officer of UP Fiber. “We have an ambitious plan to invest in AT&T’s legacy copper network across the Upper Peninsula, build state-of-the-art fiber-optics, and upgrade customers to higher speed services that better meet their connectivity needs.”
UP Fiber will have a services agreement with Michigan Broadband Services, a subsidiary of MachTen, Inc, (OTC: MACT). Michigan Broadband Services will provide sales, marketing, billing and technical support to UP Fiber, significantly expanding the network it serves to more than 70,000 passings. AT&T customers will be serviced by Michigan Broadband following the close of the transaction.
“We are thrilled to be partnering with UP Fiber to bring our complete bundle of high-speed data, voice, streaming video and related services to the homes and businesses currently served by AT&T,” commented Phil Truran, President of Michigan Broadband. “Our commitment to customer service, supported by a dedicated and local team, has been long recognized for its excellence.”
“We’re committed to providing a great connectivity experience to Michigan customers and we’ll continue to invest in enhancing our wireless experience in the Upper Peninsula,” Brian West, Vice President & General Manager – Greater Lakes, AT&T. “We’ll work closely with our customers with wireline services in the region to provide a seamless transition to UP Fiber.”
Michigan Broadband currently serves more than 5,000 customers and is in the early stages of a
UP Fiber and Michigan Broadband will collectively explore strategic opportunities to become the largest and most reliable broadband communications provider in the Upper Peninsula, with new product offerings and pricing tiers to be announced in the coming months. Regular updates about network expansion will be shared at www.michbbs.com.
The transaction is subject to receipt of certain regulatory approvals and other customary closing conditions.
| Contact: | Dan Miller |
| Chief Executive Officer 914-921-5193 |
FAQ
What assets is UP Fiber acquiring from AT&T in Michigan's Upper Peninsula?
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