Dallas, TX, April 08, 2009 --(PR.com
)-- TierOne Networks a leading provider of carrier-grade wireless and broadband products and services announced today that the company has completed the acquisition of Cool Access, LLC of Mesquite, Texas. The $2,000,000 purchase is the second in a rapid series of transactions scheduled to close in 2008. The acquisition includes approximately 2,000+ wireless internet customers and 31 tower locations, strategically located, providing broadband access to residents, businesses and school districts. New school districts include Grandview ISD, Caddo Mills ISD and portions of the Lone Oak ISD.
TierOne Network’s acquisition of Lavon Shore Wireless and Cool Access creates one of the largest and fastest growing WISP’s (Wireless Internet Service Providers) in Texas now covering over 2,000+ square miles of suburban and rural Dallas /Fort Worth. The coverage area includes in excess of 225,000 households a couple dozen ISD’s and thousands of businesses.
Kevin Weaver, President and CEO of TierOne Networks said, "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. 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.”
Paula Mathews, former President of Cool Access added, “It has been gratifying to start, grow and now sell Cool Access and it is comforting to know that TierOne’s management team is responsible for maintaining and growing Cool Access. TierOne has the capital, management and expertise to become the standard in DFW and beyond”.
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. We 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. Our 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.