Verizon is buying the belongings of Bluegrass Mobile, a rural wi-fi operator that serves central Kentucky. Phrases weren’t disclosed.
Bluegrass Mobile, which offers wi-fi service to 210,000 prospects in 34 counties, is a long-time associate with Verizon and collaborated with it to deliver LTE companies to among the most rural components of Kentucky the previous a number of years.
“We’re excited to accumulate sure belongings of Bluegrass Mobile and broaden our footprint in Kentucky,” stated Ronan Dunne, EVP and CEO of Verizon Shopper Group, in a statement. “We look ahead to welcoming Bluegrass prospects and staff into the Verizon household and offering them with dependable wi-fi service alongside a best-in-class buyer expertise.”
With out revealing particulars, a Verizon spokesperson stated Verizon will deliver its “world-class imaginative and prescient for 5G” to Bluegrass Mobile prospects.
In a press release, Bluegrass Mobile President Ron Smith stated they launched the primary wi-fi firm in central Kentucky 29 years in the past.
“We’ve at all times identified that our prospects had been crucial a part of our enterprise, and we pleasure ourselves on taking part in an vital position in connecting our group,” Smith stated. “I’m assured that Verizon will proceed to be the identical good neighbor that we’ve been and can present essential and dependable wi-fi connectivity to our rural communities.”
Bluegrass is telling prospects they don’t must take any motion presently.
“At Bluegrass Mobile, we’ve got taken nice pleasure in taking part in an vital position in connecting our group. We’re assured that Verizon will proceed to be the identical good neighbor that we’ve been and can stick with it our custom of offering essential and dependable wi-fi connectivity to our rural communities,” the corporate said on its web site.
Verizon introduced its rural LTE initiative in June 2010, and Bluegrass Mobile joined this system in November 2010. Via its LTE in Rural America (LRA) program, Verizon supplied technical assist and assets to assist rural firms construct out LTE and each Verizon and the agricultural firms had been in a position to make the most of that protection.
The acquisition is predicted to shut late this yr or early subsequent after FCC approval and different situations are met.