NextG Networks Raises $35M

NextG Networks receives $35M in an investment round led by Oak Investment Partners

August 13, 2004

1 Min Read

MILPITAS, Calif. -- NextG Networks, a next-generation wireless communications company, has raised a $35 million investment round. Oak Investment Partners led the equity and debt investment with participation from NextG Network’s existing investors. The investment will provide the Company with additional expansion capital and will enhance its already strong cash position.

NextG Networks’ managed RF transport network solution seamlessly extends the capacity and coverage of mobile wireless networks in dense urban and residential areas. Wireless service providers benefit by avoiding the zoning constraints and the high costs that are associated with the deployment of traditional cellular towers and/or wireless rooftop sites, as well as save on backhaul costs.

NextG Networks will use the additional capital to continue the build-out of its innovative RF-over-Fiber (“RFoF”) transport networks in metropolitan areas throughout the U.S. The RFoF transport networks feature microcellular radios that are typically attached to lamp posts and utility poles and connected directly to fiber optic networks. The wireless voice and data traffic is then transported across the fiber networks to aggregated base transceiver stations (BTS) at the wireless service provider’s central office data center or co-location facility.

NextG Networks Inc.

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