KeyOn Communications Holdings, a provider of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the US, closed the acquisition of the assets of SkyWi, which include network assets and wireless broadband subscribers located in North Central Texas.
The acquisition is the company’s first under its Rural UniFi program, an acquisition initiative announced in September 2009.
KeyOn Communications said that they have begun to create a rural communications company, as they have completed the first acquisition under the Rural UniFi program. Its management anticipates SkyWi to contribute over $300,000 of revenues and approximately $150,000 in EBITDA in 2010.
Jonathan Snyder, chief executive officer of KeyOn, said: “We believe that combining similarly situated operators will bring greater scale for the industry resulting in better purchasing power for KeyOn and also an ability to attract significant capital and top-tier technology partners to rural communities.
“In this way, we can both accelerate rural broadband adoption and expedite the delivery of next-generation services. KeyOn is excited to be at the forefront on this consolidation effort and we expect to announce many more participants in the initiative.”