Victoria telecommunications company Neighbourhood Cable has bought out Geelong ISP Swift Internet for an undisclosed sum.
Fred Grossman, CEO at Ballarat-based Neighbourhood Cable, said the move would help the telecommunications provider consolidate its presence in regional Victoria. Swift Internet had demonstrated a similar commitment to the State, he added.
'Neighbourhood Cable is enhancing its organic growth strategy to include growth by acquisition where appropriate,' he said.
Grossman said the acquisition would improve services for Swift Internet customers and add cable broadband and dial-up options for residents in the area. Neighbourhood Cable had just completed a broadband network in Geelong, he said.
Swift Internet provides data services including dial-up internet, web hosting and ADSL broadband. Customers would be able to keep the same domain names and email addresses, Grossman said.
'The company was attracted to Swift Internet because its ethos matched that of Neighbourhood Cable, with a commitment to providing superior service to regional areas and creating opportunities for local staff and business,' he said.
Neighbourhood Cable, which has offices in Ballarat, Mildura and Geelong in regional Victoria, with cable broadband infrastructure and services -- including broadband, dialup and pay TV -- spanning around 250,000 residents in the area.