Oak Hill Capital, Pamlico to recap Vast Broadband

Vast Broadband said Jan. 9 that it is buying NTS Communications from Tower Three Partners. Financial terms weren’t announced. NTS operates a fiber network spanning more than 2,700 owned route miles that includes more than 60,000 homes and businesses in Texas markets of Lubbock, Amarillo, Abilene, Midland and Wichita Falls, and markets in Louisiana. Once the NTS deal closes, Oak Hill Capital Partners and Pamlico Capital are investing in Vast via a recap. Vast provides high-speed broadband, video, and voice services. Bank Street Group LLC provided financial advice to NTS. SunTrust Robinson Humphrey Inc and TD Securities (USA) are providing debt financing.

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