SureWest sells fixed wireless assets to Yonder Media
SureWest Communications has finalized the sale of its fixed wireless Internet assets to Yonder Media.
As a result of the sale, Yonder Media and SureWest have come to an agreement on a long-term business relationship that creates recurring monthly broadband business revenue for SureWest. Terms of the transaction weren’t disclosed.
SureWest said it sold its fixed wireless division as part of its strategy to shed non-core assets, which has included the sale of its wireless business and wireless towers last year and the sale of its directory publishing business in 2007.
SureWest said it would use the proceeds of its most recent sale to continue its focus on the growth of its core broadband segment.
Yonder Media offers high-speed wireless services, customized local Internet portals and VoIP communications in rural areas.
"The addition of SureWest's rural broadband customers located in the heart of California builds on Yonder Media's commitment to growth through selective acquisition," said Craig Vallarino, CEO of Yonder Media. "This marks another key milestone as we expand our reach and become the provider of choice for connecting rural communities to the Internet."
|More Broadband Direct 08/04/09:|
|• RCN goes with TiVo as primary DVR platform |
|• Knology ups revenue, loses subs in Q2 |
|• Verizon adds more interactivity to social networking widgets |
|• SureWest sells fixed wireless assets to Yonder Media |
|• Frontier sees decrease in revenue, profit in Q2 |
|• Broadband Briefs for 08/04/09 |