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September 17, 2008
TierOne Networks Complete Acquisition of Cool Access
By Calvin Azuri, TMCnet Contributor
TierOne (News - Alert) Networks has completed its acquisition of Cool Access, based in Mesquite, Texas. The deal, valued at $2 million, includes the addition of more than 2,000 wireless Internet customers and 31 towers to TierOne’s assets.
The wireless towers are located strategically to provide broadband access to residents, businesses and school districts. Grandview ISD, Caddo Mills ISD and portions of the Lone Oak ISD are included in the new school districts.
“This acquisition underscores our focus to grow network coverage area while supplementing and supporting this growth through targeted acquisitions of strategic WISP properties that complement our existing infrastructure,” said Kevin Weaver, president and CEO at TierOne, in a statement. “Together, TierOne will become the largest and fastest growing WISP in the state of Texas. We look forward to continuing to create shareholder value and providing excellent service to the communities we serve.”
TierOne provides wireless broadband services to smaller or secondary rural markets that are underserved by incumbent local exchange carriers (ILECs)and cable TV operators. The Commercial Office Building Solution provides building owners and managers the ability to profit from the “Fourth Utility”. At the same time, tenants are offered lower price services, high speed bandwidth, mobility solutions, IP communications and maximum flexibility.
By acquiring both Lavon Shore Wireless and Cool Access, TierOne has created a network that can serve 225,000 households, and two dozen school districts.
Cool Access sells, installs and supports DISH network and Starband Satellite Internet Services along with local high-speed internet service.
INTERNET TELEPHONY Conference & EXPO — the biggest and most comprehensive IP communications event of the year — is going on this week (September 16-18, 2008) in Los Angeles, California! The show features three valuable days of exhibits, conferences, and networking opportunities you can’t afford to miss. Be sure to check out TMCnet.com and blogs from Rich Tehrani, Greg Galitzine, and Tom Keating for news highlights from the show. See you there!
Calvin Azuri is a contributing editor for TMCnet. To read more of Calvin's articles, please visit his columnist page.
Edited by Mae Kowalke
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