DigitalBridge Communications Receives Strategic Investment By Schurz Communications

USAventure capital
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DigitalBridge Communications Corp. (DBC), a Ashburn, VA-based operator of WiMAX 4G broadband networks, has completed an additional round of equity financing.

The funding include investment from Schurz Communications, which operates two cable systems offering high-speed data services, eleven daily newspapers, ten TV stations, thirteen radio stations, and twenty-five highly-visited news and information websites.

The deal will enable the two companies to jointly advance 4G media opportunities.

Commenting on the investment, Todd Schurz, CEO of Schurz Communications, said: “We have seen increased consumer demand and usage for broadband services from our cable operations, and our partnership with DBC will allow us to offer high-quality, high-speed, wireless broadband services to our customers and communities.

“Also, our newspapers and broadcast station brands already have millions of unique visitors, tens-of-millions of page views and deliver millions of online videos each month. We anticipate further digital growth as more mobile devices access our content and services at 4G speeds. Schurz is uniquely positioned locally, as we already have significant sales and marketing forces in place to offer this first-of-its-kind partnership” Schurz added.

The current round of financing also includes Series B investors National Rural Telecommunications Cooperative (NRTC), Paladin Capital Group, CNF Investments, and Novak Biddle Venture Partners. 

FinSMEs

20/11/2009

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