BRAINTREE, MA – The Braintree Electric Light Department (BELD) has sold its internet business to Comcast, a spokesperson for the non-profit utility said on Wednesday.
The sale will allow BELD’s approximately 2,500 Internet and phone customers to transfer service to Comcast, which has served Braintree for 18 years and has one of the fastest and most widely available Gig broadband services, BELD said.
A BELD spokesperson said the sale price will not be disclosed and the deal will have no impact on the utility’s electrical division. The transition is expected to begin later this month.
“We are proud of our 20 year history as a local Internet service provider and sincerely grateful for the loyalty of our customers,” said Bill Bottiggi, CEO of BELD, in a statement. “Our top priority has always been our customers, and we continue to think in their best interests while adapting to market conditions. After evaluating our options, we are convinced that the best decision is to connect our residential and commercial customers with the best of Comcast’s class network, products, service and customer experience. “
Bottiggi said BELD made the decision after conducting a study. The study showed that BELD would need to make a major investment of several million dollars in network infrastructure over the next few years to maintain the quality of service. That cost would have required a significant increase in customer rates, Bottiggi said.
“The broadband market has always been competitive and the pandemic has added additional uncertainty,” Bottiggi said. “This sale will ensure our Internet customers can rely on reliable and robust service over the long term, while we take BELD’s responsibility to the Braintree taxpayer community. “