Airband Communications, Inc., a Dallas, Texas-based provider of fixed-wireless voice and data services to businesses in the U.S., has received a $20m equity financing from ABRY Partners, LLC.
The company intends to use the proceeds from the investment to grow both organically and through mergers and acquisitions. In details, Airband plans:
– to expand network coverage and capacity in existing markets;
– to consolidate existing debt facilities to optimize capital structure; and
– to acquire fixed-wireless providers with contiguous geographic operations to complement its existing territory.
In conjunction with the transaction, Boston-based ABRY Partners will have a seat on the company’s board of directors.
Led by CEO Michael Ruley, Airband provides fixed-wireless voice and data solutions for businesses in the U.S. It offers a comprehensive portfolio of high-speed Internet access, point-to-point data services, Voice over IP, security, etc.
The company currently serves 17 markets across the U.S. including Atlanta; Austin; Baltimore; Dallas; Des Moines; Fort Lauderdale; Fort Worth; Houston; Las Vegas; Los Angeles; Miami; Orange County, Calif.; Philadelphia; Phoenix; San Antonio; San Diego and Washington, D.C.
FinSMEs
11/08/2011