Thursday, March 31, 2011

TelePacific Completes Acquisition of Covad Wireless

TelePacific Communications, the largest California-based CLEC serving the SMB market, completed its previously announced acquisition of NextWeb, Inc., dba Covad Wireless, a broadband fixed wireless carrier operating in California, Nevada and the Chicago, Illinois area.



Through its acquisition of NextWeb, TelePacific now controls a WiMAX-featured wireless broadband network, a licensed microwave backhaul network, and a high bandwidth wireless network operating in licensed LMDS spectrum. The new network assets complement TelePacific's existing footprint and allows the company to broaden its product offerings in markets where it is already competitive. Further, the purchase supports TelePacific's strategy of investing in advanced broadband transport technologies.



TelePacific will also gain the benefit of approximately 3,500 profitable broadband fixed wireless business customers in California, Nevada and suburban Chicago.



TelePacific continues to be privately-held and financial terms of the deal were not disclosed.http://www.telepacific.com

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