Dallas, TX, April 08, 2009 --(PR.com
)-- TierOne Networks a leading provider of carrier-grade wireless and broadband products and services announced today it signed an Agreement to purchase a Texas-based WISP with 1,700+ new subscribers. The deals represent TierOne’s 6th acquisition and positions the Company to enter a new metropolitan market. Upon closing the three pending transactions, TierOne will be entering a new metropolitan market and will be on pace to accomplish its goal of surpassing 20,000+ subscribers within 24 months of signing its first subscriber.
"Our roll-up strategy is gaining momentum as we reach critical mass in the DFW market. The few remaining WISPs will now have to compete with TierOne Networks as the market share leader and all the advantages which come with scale, said Kevin Weaver, President and CEO. As the fixed wireless space begins to rapidly consolidate, TierOne Networks is leading this first wave of industry consolidation and in 2009 TierOne will become a regional player.”
About TierOne Networks | www.tocn.com
TierOne Converged Networks, Inc. is a profitable next generation Wireless Internet Service Provider (“WISP”) headquartered in Dallas, TX. TierOne’s management and technical knowledge is positioned to dominate rural WISP markets in the southwestern U.S., with an initial focus on DFW and Texas markets. They provide wireless broadband services, using next-generation technologies, to smaller or secondary rural markets that are underserved by the Incumbent Local Exchange Carriers (“ILECs”) and cable TV operators. Their FCC Licensed Broadband Network delivers inexpensive, high speed, low latency internet to underserved areas. In addition to expanding its business through strong organic growth, TierOne Networks is pursuing an active acquisition strategy of WISPs to expand its operations and to augment its organic growth initiatives.
TierOne is interested in acquiring TX, OK, KS & NM-based WISP’s. All inquiries should be directed to Ron Celmer, CFO at (214) 217-8626 ext 2031.
For more information or for service call 1-866-551-1367. All inquiries should be directed to Kevin Weaver, President & CEO at (214) 217-8626 ext 2003.