KeyOn Closes Acquisition of Wireless Broadband Assets in East Central Texas

KeyOn announces the closing of the acquisition of certain wireless broadband networks and subscribers in East Central Texas from ERF Wireless. The acquired networks have demonstrated historically consistent revenues and currently generate positive EBITDA. It is expected that KeyOn will receive the benefits of the EBITDA immediately. KeyOn currently operates networks in Texas adjacent to some of the networks being acquired and expects to expand its presence around those networks.

This acquisition will represent the ninth acquisition of network assets and subscribers since the inception of Rural UniFi in the fourth quarter of 2009 and is the Company’s thirteenth acquisition overall.

Posted on Feb 16, 2011  Reviews | Share |  Digg
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