EATEL has been acquired by RTC Holdings, LLC

RTC & EATEL CORPORATE ANNOUNCEMENT

December 19, 2018

FOR IMMEDIATE RELEASE

CORPORATE ANNOUNCEMENT

Reserve Communications and Computer Corporation, also known as “RTC”, a wholly-owned subsidiary of RTC Holdings, L.L.C., one of Louisiana’s leading telecommunications companies, announced today that it has entered into a definitive agreement to acquire EATELCORP, L.L.C. (together with its subsidiaries, “EATEL”), a premier provider of telecommunications, internet, video, security, and data center services in Louisiana.

Throughout its history, EATEL has strategically positioned itself as a leading regional provider of fiber-based and data center services through its state-of-the-art network and facilities.

William Ironside, the CEO at RTC said “EATEL has had impressive growth and expansion of its service area and portfolio of products over the years. We are excited about the future and are confident that EATEL will continue to thrive under RTC’s ownership.”

“We look forward to continuing EATEL’s legacy of offering innovative services and outstanding customer service. Our combined operations will be well positioned for sustained growth in our highly competitive industry” said Josh Descant, President of EATEL.

Upon the closing of the transactions contemplated by the definitive agreement, RTC will acquire one hundred percent (100%) of the outstanding membership interests of EATELCORP, L.L.C. from its current owners through a merger transaction. EATELCORP, L.L.C. will be the surviving entity to the merger transaction and a wholly-owned subsidiary of RTC upon closing. The transaction is expected to close in the first half of 2019, subject to the parties’ receipt of the required regulatory approvals and satisfaction of the other customary conditions to closing set forth in the definitive agreement.

Upon consummation of the closing, the senior management teams of RTC and EATEL will be consolidated and the combined RTC and EATEL operations will be headquartered in Gonzales, Louisiana. There are no plans to reduce staffing at any level in either organization and each entity will retain its local identity. Upon consummation of the closing, EATEL and RTC will work jointly to expand opportunities for customers and businesses in southeast Louisiana and the surrounding area.

Charlesmead Advisors, LLC served as exclusive financial advisor to EATEL in the transaction.

About RTC

Established in 1935 in Reserve, Louisiana, RTC provides a full suite of telecommunications products and services to residential and business customers in portions of St. John the Baptist, St. James, and Lafourche Parishes in Louisiana. Its service offerings include telephone, cable television, high-speed internet, and security. For more information, please visit http://www.rtconline.com/.

About EATEL

Established in 1935 in Gonzales, Louisiana, EATEL was the first company in Louisiana to provide phone, high-speed internet and cable television services over a state-of-the-art, all-fiber communications network that offers a broad array of advanced digital services to both residential and business customers and currently operates the only Uptime Institute Certified Tier III data center in Louisiana. EATEL is the leading telecommunications service provider in several communities in Southeast Louisiana. To learn more about EATEL, visit www.eatel.com.

 

RTC and EATEL Merger

Press Contact for RTC:

Katie Klibert
Marketing and Public Relations Manager
kklibert@reservetele.com
(985) 536-1299

Press Contact for EATEL:
Janet Britton
General Counsel and EVP of Human Resources
Janet.britton@eatel.com
(225) 621-4498

FOR IMMEDIATE RELEASE

CORPORATE ANNOUNCEMENT

RTC Holdings, LLC through its Reserve Communications and Computer Corp. (RCC) subsidiary has acquired 100% of EATELCORP, LLC (EATEL) and its subsidiaries, effective May 31, 2019.

The merger ushers in a new era for local telecommunications – with the combined networks paving the way as one of the largest local providers in Louisiana.

Throughout its history, EATEL has positioned itself for growth. As a pioneer in the industry, EATEL was one of the first providers in the nation to offer fiber-to-the-home services, including internet, video, phone, home security and datacenter services.

William Ironside, the CEO at RTC said “EATEL has had impressive growth and expansion of its service area and portfolio of products over the years. We are excited about the future and are confident that EATEL will continue to thrive under RTC’s ownership.”

Both founded in 1935, EATEL and RTC share similar histories and philosophies – chief among them: local presence, personalized service and quality product offerings. The companies plan to maintain their nearly identical product portfolios to ensure customers experience the same continuity in service and quality. Moreover, EATEL and RTC’s complementary geographical footprint will bring added value to the business community of Southeast Louisiana and will also help forge new opportunities for fiber expansion.

“This is a very exciting opportunity, and we look forward to continuing EATEL’s legacy of offering innovative services and outstanding customer service. Our combined operations will be well-positioned for growth as we continue to focus on bringing value to our customers” said Josh Descant, President of EATEL.

The combined organization will be headquartered in Gonzales, Louisiana.

For more information about RTC, visit rtconline.com

For more information about EATEL, visit eatel.com

 

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