WildBlue Secures $50 Million in Additional Equity
03 9월 2008 - 9:03PM
PR Newswire (US)
Proceeds to Fund Continued Expansion DENVER, Sept. 3 /PRNewswire/
-- WildBlue Communications, Inc., the leading provider of broadband
Internet over satellite service throughout rural America, today
announced it has completed a $50 million equity financing to
support its continued growth. The financing was led by Liberty
Media (NASDAQ:LCAPA/BNASDAQ:LINTA/BNASDAQ:andNASDAQ:LMDIA/B),
Intelsat, the National Rural Telecommunications Cooperative and the
private equity firm of Kleiner, Perkins, Caufield and Byers. Terms
of the financing were not disclosed. The proceeds will fund
WildBlue's recently launched customer equipment leasing program,
enabling the company's award-winning service to be offered to new
customers throughout rural America at the lowest upfront price in
the company's history. WildBlue will also expand its workforce in
the areas of customer care and field service operations. "This
equity investment underscores our major shareholders' strong
support for WildBlue's vision and it enables us to continue and
expand our commitment to delivering a superior customer
experience," said David Leonard, WildBlue's Chief Executive
Officer. "A broadband Internet connection is an essential tool for
participating fully in the information economy, and in these
challenging economic times, rural residents are looking for a more
affordable solution," added Leonard. WildBlue estimates that there
are over 11 million households in areas throughout the United
States where DSL or cable broadband services are not available and
that over 7 million of these households are still accessing the
Internet through a traditional dial-up connection. About WildBlue
WildBlue Communications, Inc. provides broadband Internet access to
consumers and small offices in rural areas throughout the
contiguous United States. More information on the company is
available at http://www.wildblue.com/. For more information
contact: Bryan Bjerke at Paulsen Marketing 605.336.1745, ext. 213
DATASOURCE: WildBlue Communications, Inc. CONTACT: Bryan Bjerke of
Paulsen Marketing, +1-605-336-1745, ext. 213, , for WildBlue
Communications, Inc. Web site: http://www.wildblue.com/
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