ALTIUS expands into the gulf coast with acquisition of Florida service provider
- ALTIUS continues to expand its wireless broadband footprint through strategic acquisition of Suncoast Broadband in Sarasota, FL.
Issued: December 13th 2013, Hunt Valley MD
ALTIUS Communications, a leading provider of wireless technology solutions and services, today announced that it has acquired the wireless assets of Internet provider Suncoast Broadband in Sarasota, Florida. Suncoast's wireless assets will be operated by the ALTIUS Broadband technical team but will remain branded as Suncoast Broadband and be the stepping stone for further expansion in the gulf coast region.
ALTIUS, a private company based in Hunt Valley, MD has grown organically and through acquisitions since 2005. This deal is the second acquisition in the last four months and brings the total number of acquisitions to five in the last 4 years. This new market includes all technology, customers and tower assets.
The acquisition reinforces ALTIUS's commitment to invest in rural markets to provide high-speed Internet access. The ALTIUS management team is committed to bringing broadband access to all parts of rural America and to continue to “bridge the digital divide.”
Jim Connor, CEO, ALTIUS Communications: “This is another great opportunity for ALTIUS to over-achieve in our currently small industry. Suncoast will immediately contribute to both our profitability and act as a launching pad into the Florida market. We also believe our new customers from this new market will see improvements in both speeds and customer support over the coming months as we improve backhaul and last mile networks and integrate systems.”
Under the terms of the transaction, ALTIUS will take full ownership of the company's wireless assets and assume general operations and technology oversight. ALTIUS and the Suncoast Broadband management teams are committed to a smooth transition and will work together over the next few months to assure the continued strong customer and technical support. The spirit and agility of this WISP operation will be strengthened by all the support and advantages that ALTIUS can provide.
About ALTIUS Broadband:
Headquartered in Hunt Valley, MD, ALTIUS Broadband was established in 2006 with the goal of providing the underserved regions of rural USA with a one-of-a-kind, flexible, and blazing fast Internet Service. They currently have operations in Maryland, Indiana and Kentucky and are looking to grow to other states in the coming months. Their unique ability to provide Broadband access makes them the ultimate solution for all of your Internet Service needs, whether it is in your home or office at http://www.altiusbroadband.com