Multiband Inc. will purchase the assets of privately held cable operator UltraVision Inc., including some 500 New Jersey- and New York-based video subscribers, under terms of a letter of intent announced Tuesday.
Multiband said it will roll out additional voice and data services to those subscribers.
“The transaction gives us an important foothold in the tristate area, and we look forward to working closely with UltraVision's experienced management team to capitalize on this large-market opportunity,” Multiband CEO James L. Mandel said in a prepared statement.
UltraVision president David Boston added, “We are especially pleased to be joining Multiband. There is a highly strategic fit between our companies, and together, we will be able to capitalize on the vast potential of the New York/New Jersey market.”