WavMax Acquires WISPs

WavMax acquires wireless Internet service providers SpringsLink and Velocity Wireless Networks

July 8, 2005

1 Min Read

LITTLETON, Colo. -- Wireless broadband service provider ("WBSP"), WavMax, announced the acquisition of two additional wireless ISPs (WISPs) in the Colorado market. Located in the Colorado Springs market, they follow WavMax's two other metro Denver acquisitions in 2004. "We're pleased to have acquired the quality providers of both SpringsLink and Velocity Wireless Networks," said John Taylor WavMax President and CEO. "Our footprint is considerably increased and now dominates the population centers of the Colorado Front Range. We are proud to be in a very elite group of WISP's by providing four types of services and completely covering one of the top 30 U.S. markets." Furthermore, WavMax expects to close on at least two more WISPs in adjacent states by year's end which will increase company revenues approximately 400%.

"WavMax is becoming the new 'railroad' for wireless broadband in the Rocky Mountain Region," according to Taylor. "And with our new 200Mb 'SkyFiber' ring around Denver WavMax has become a true 'last mile' alternative to the regional Bell company (Qwest) for residential, business, and other service providers looking for wholesale access."

WavMax is a compelling success story in the young WBSP industry. With these acquisitions, its massive capacity, and WavMax's customers having access to worldwide Internet roaming, "the wave is cresting" for 5 year-old WavMax. Additionally, according to WavMax Director of Corporate Development, Mark Goosmann, "Our recent name change (from Hometown Access) to WavMax reflects our focus on enterprise-grade services and our positioning for the WiMax revolution ahead."


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