CVB Becomes Largest Rural Wireless Broadband Provider in Placer County
Posted on: Tuesday, 23 December 2008, 07:00 CST
Central Valley Broadband, a provider of wireless broadband services to residential and business subscribers in secondary and rural markets, has completed and secured financing for a series of acquisitions. The company is using the proceeds to further its growth strategy of rapidly increasing its subscriber base through acquisitions and organic growth.
"CVB has established a leadership position in serving rural markets with
wireless broadband services," stated
Wireless broadband is the most cost-effective means of providing high speed Internet access, which is a necessity in this age when more and more people are working from home, starting small businesses and home schooling kids.
"We have been executing on our growth strategy that combines acquisitions
of wireless broadband companies with the organic growth of our subscriber
base. With the acquisition of the Ascendance, Foothill and Coastal Web Online,
we have completed four acquisitions already. Our first acquisition was
"With these acquisitions, CVB will have the necessary scale to continue
our rapid customer growth with an expansion in operating margins. At the same
time, we expect to continue to pursue complementary acquisitions that are
immediately accretive to earnings. Acquisitions make good sense for us," added
Central Valley Broadband Company Background
After starting one of the first and very successful ISP's QuikNet Inc. in
1994 which provided dialup to residential and fixed line Internet services to
business clients in the
SOURCE Central Valley Broadband
Source: PR Newswire
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