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KeyOn Aquires SpeedNet Services
KeyOn Communications
is now the United States' leading provider of wireless broadband and voice-over-IP (VoIP) services in small and rural markets with its recent acquisition of SpeedNet Services, a Midwest-based wireless broadband company. This continued consolidation by KeyOn bridges the country's communication divide through the creation of the largest rural, wireless broadband company in the nation, covering a dozen states: Nevada, Idaho, Colorado, Iowa, South Dakota, Nebraska, Kansas, Oklahoma, Texas, Illinois, Indiana and Ohio; with a network footprint of over 45,000 square miles.
The purchase of SpeedNet comes after KeyOn's recent completion of two successful acquisitions: Southern Iowa Regional Internet Services (SIRIS), an Iowa wireless broadband provider; and a wireless broadband market in Pocatello, Idaho, from FairPoint Communications, Inc.
KeyOn uses both licensed and unlicensed spectrum to deliver broadband and VoIP services to non-metropolitan and rural communities using the highest quality and most cost-effective technology platform available. KeyOn intends to introduce enhanced services into its wide-reaching network by leveraging new technological standards such as WiMAX. KeyOn's geographically sweeping networks are managed with the company's scalable, proprietary BrightEDGE Manager Operating Support System.
KeyOn commenced operations in 2002 in Las Vegas and has experienced rapid growth in its markets across four states as a result of organic network builds and acquisitions. Having launched its services in 2001, SpeedNet was an early pioneer of wireless broadband services and has grown its customer base to one of the largest in the country.
"SpeedNet is one of the true leaders in our industry and they have built a strong business and expansive network over the years," said Jonathan Snyder, chief executive officer of KeyOn Communications. "With this acquisition, KeyOn will have the scale to continue our rapid customer growth with an expansion in operating margins. At the same time, we expect to continue to pursue complementary acquisitions like SpeedNet that are immediately accretive to earnings."
KeyOn Communications' wireless broadband service has a speed rivaling cable-modem and digital-subscriber-line technology but at a significantly lower rate for residential and business customers. And, KeyOn's VoIP services allow rural users to enjoy the latest technology to make long-distance telephone calls over the Internet, often at a much lower cost than that charged by standard utility companies.
"Wireless broadband is the most cost-effective means of providing fast Internet access, which has become a necessity in this age," Snyder said. "As these communities are often ignored by the incumbent providers, KeyOn intends to ensure that broadband services are not only available but also affordable in all markets in the U.S."
For additional information, call 702-949-3580 or 402-998-4033 or visit
www.keyon.com
,
www.sirisonline.com
or
www.speednet.com
.
Posted on Feb 19, 2007
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