Tuesday, September 2, 2008

WildBlue Secures $50 Million in Additional Equity

WildBlue Communications has completed a $50 million equity financing to support its continued growth. Specifically, the proceeds will fund WildBlue's recently launched customer equipment leasing program, enabling the company's service to be offered to new customers throughout rural America at the lowest upfront price in the company's history. WildBlue will also expand its workforce in the areas of customer care and field service operations.

The financing was led by Liberty Media , Intelsat, the National Rural Telecommunications Cooperative and the private equity firm of Kleiner, Perkins, Caufield and Byers. Terms of the financing were not disclosed.http://www.wildblue.com

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