NEW YORK | LOS ANGELES | GENEVA | October 5th, 2015 – Sage Telecom (Sage), a wholly owned subsidiary of TSC Acquisition Corp. (TSC), recently announced that it has entered into a definitive agreement to sell certain assets of Sage Telecom to Birch Communications (Birch) – a technology service provider of IP-based communications, broadband, cloud, and IT-services. The transaction involves customers currently receiving wireline service from Sage in Arkansas, California, Connecticut, Illinois, Indiana, Kansas, Michigan, Missouri, Ohio, Oklahoma, Texas, and Wisconsin. Closing of the transaction is subject to necessary regulatory approvals. Terms of the agreement were not disclosed.
Redwood Capital Group (www.redcapgroup.com), a leading independent investment bank serving technology, media, and telecommunications companies, represented Sage Telecom in this transaction.
“Our valued Sage wireline customers now have access to a larger and comprehensive product portfolio of Birch that addresses all their communication needs. The strategic decision not only works well for our customers but also provides us with an opportunity to focus more on our fast-growing wireless business” said Todd Wallace, Chief Operating Officer at TSC. “Redwood Capital with their deep expertise in the Telecom industry has been instrumental in this strategic transaction and will remain the exclusive financial advisor to TSC going forward.”
Greg Bedrosian, CEO and Managing Partner of Redwood commented, "Our firm has significant investment banking expertise in the telecom space and we are privileged to be associated with the transaction. We continue to provide our valuable insights on the market and assist TSC on strategic business decisions.”
About TSC Acquisition Corp.
TSC Acquisition Corp., operating under the brand “TruConnect”, is one of the nation’s fastest growing providers of no-contract wireless voice, text and data service. The Company is focused on bringing vital wireless technology to an underserved, ever-growing market and providing affordable, flexible data solutions to business professionals and casual Internet users. TSC has been providing wireless, residential and small business telecommunication services for more than 15 years under the Sage Telecom, Telscape Communications, and TruConnect Mobile brands.
For more information, please visit www.truconnect.com.
About Birch Communications
Birch Communications, Inc. is a leading communications, network, cloud, and IT solutions provider. Recognized for exceptional customer experience, Birch delivers compelling solutions that assist small, mid-sized, enterprise, and wholesale businesses to increase their productivity. Its industry-leading product portfolio is available nationwide and includes Metro-Fiber, Metro-Ethernet, unified communications (UC), hosted phone systems, hosted data centers, and hosted file storage services.
For more information, please visit birch.com.
