Wave Broadband completes dual-pronged fibre acquisition

16 Sep 2016

Kirkland, Washington-based ISP Wave Broadband has announced that it has completed takeover deals for two separate fibre-optic broadband providers, namely Oregon-based CoastCom and Washington-based SawNet. CoastCom owns more than 250 route miles of fibre in Oregon, mainly serving homes and businesses on the Oregon Coast and in Central Oregon. Its fibre network also connects directly to a submarine cable landing station in Pacific City, Oregon, complementing Wave’s recently announced Transpacific Hub data centre venture with Centeris. For its part, SawNet operates in northern Oregon and southern Washington, with more than 100 miles of fibre spanning east from Portland/Vancouver through the Columbia River Gorge. No purchase prices have been disclosed.

The news coincides with Wave’s announcement that it has raised USD125 million to continue the accelerated growth of its West Coast fibre network, bolstering its ‘Wave G’ residential Gigabit service. Wave previously raised USD130 million in funding in May 2015 and was recapitalised for more than USD1 billion in November 2012.

United States, CoastCom, SawNet, Wave Broadband (Astound Broadband)