Jan 2009
Partnership Broadband acquires Helix Broadband and increases coverage area in fastest growing region of Fannin, Collin, Grayson and Hunt counties. Transaction marks Company’s 4th successful acquisition in last 5 months.
Justin, Texas: January 8, 2009 – Partnership Broadband Inc., a leading provider of fixed wireless broadband services in North Texas, announced the acquisition of Helix Broadband, Inc. of Farmersville, Texas. The acquisition includes all of Helix Broadband’s network infrastructure equipment including 6 strategically located towers which extend Partnership Broadband’s coverage area in the growing counties of Fannin, Collin, Grayson and Hunt.
Victor E. Grijalva, CEO of Partnership Broadband said, “The Helix Broadband acquisition increases our critical mass in the North Texas area to approximately 9,000 customers and furthers our position as the largest provider of fixed wireless broadband services in the region. In addition to further increasing and enhancing our coverage area in the key markets in which we operate, this acquisition allows us to be opportunistic by adding top line revenue while increasing our bottom line profitability and cash flow. With the strength of our operation and customer support teams, we believe we can significantly accelerate Helix Broadband’s historical growth rate and thereby continue our focus on profitable organic growth. This transaction marks our eleventh successful acquisition in the last three years.”
About Partnership Broadband, Inc.
Partnership Broadband is a leading wireless broadband service provider in North Texas. The company offers a suite of high-speed data, voice over IP, and other managed services over its wireless network to residential, business, education and government customers. Partnership Broadband also designs, builds and maintains wireless networks for cities, municipalities, school districts, apartment owners and others. For more information, visit www.partnershipbroadband.com.
