Omnicity, the Midwest’s fixed wireless internet service provider (WISP), has moved forward with its plan to become a premier consolidator in the WISP industry by acquiring the subscribers and network infrastructure of Rushville, Indiana based Rushville Internet Services. This acquisition is expected to allow Omnicity to begin expanding service into southern Indiana.
The acquisition of Rushville internet’s customers and network infrastructure was completed on July 23, 2009 as an all stock transaction.
Greg Jarman, CEO of Omnicity, said: “Acquiring Rushville Internet was strategically very important to us. By acquiring the assets of this company we pick up 450 customers and control of 10 important access points along the southern edge of our network. In addition to the top line revenue growth, it gives us a good stepping off point as we start to push south as well as north and west.”
To further enhance the services available to these newly acquired subscribers, Omnicity plans to add Voice-over-Internet Protocol (VOIP) and Internet Protocol Television (IPTV) throughout the coverage area over fiber optic and WiMax wireless technology.
This transaction is the fifth strategic acquisition completed by Omnicity in as many months.
Omnicity claimed that aside from organic growth, these acquisitions have allowed the company to continue along its path to become one of the largest rural broadband providers across the United States. This expansion has reportedly allowed Omnicity to increase its client base and enter into provider contracts such as the recently announced multi-year contract with Educational Networks of America.
The company has already acquired the business and network infrastructure of Indiana-based EAWiFi, and in June Omnicity has acquired the business and network infrastructure of Culver, Indiana based CulCom.
