GeoLinks expands with new acquisition
GeoLinks, an internet service provider based in Camarillo, has acquired network assets including fixed wireless infrastructure and spectrum licenses from TPx Communications of Los Angeles, GeoLinks announced Oct. 9.
The acquisition will help GeoLinks continue to grow and expand its network footprint in key regions across the state and beyond, particularly in the Bay Area and in Las Vegas.
“The assets that we are acquiring will streamline our strategic growth and dovetail with the continued innovation we are implementing on our network operations side,” GeoLinks Co-Founder and CEO Skyler Ditchfield said in a news release.
In addition to the network assets, the acquisition will also include a commercial, multi-year contract agreement which will turn TPx into GeoLinks’ largest wholesale customer.
While GeoLinks will add the assets into its existing network, all current TPx customers will remain under TPx management and will be unaffected by the agreement.
Once network integration is complete, customers will have the ability to significantly upgrade their bandwidth, with the majority of the network footprint scalable up to 1 gig per second, according to the release.
Bank Street Group served as the financial advisor to GeoLinks on the deal while B. Riley Securities served as the financial advisor for TPx Communications.
