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Summary:

As you know, we have been tracking the progress of Denver-based rural WiMAX operator Open Range Communications for quite some time now. The company has secured $100 million in funding from One Equity Partners, though it had lined up this financing as far back as March […]

As you know, we have been tracking the progress of Denver-based rural WiMAX operator Open Range Communications for quite some time now. The company has secured $100 million in funding from One Equity Partners, though it had lined up this financing as far back as March 2008. The company had previously secured $267 million in loans from the U.S. Department of Agriculture’s Rural Development Utilities Program. With this new financing, Open Range meets the conditions set by FCC, and the company can now start deploying its rural wireless broadband service under a spectrum lease agreement with GlobalStar, a satellite-based Internet service provider.

Bill Beans Jr., a veteran of the CLEC business, is the CEO of this company, while Gregory Slemons, formerly chief network officer at AT&T Wireless, is the chief operating officer. The company plans to sell 1.5 Mbps connection for $40 a month and unlimited voice for about $30 a month in regions of rural America where broadband availablity is woefully lagging

Photo courtesy of Gino via Flickr.

  1. [...] rural WiMAX operator Open Range Communications has reportedly raised funding of $100 million from One Equity Partners. This allows Open Range to come up to conditions set up by [...]

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  2. [...] network component. Companies with this ATC approval promptly went out and raised billions to create such networks. [...]

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  3. [...] The FCC is interested in learning more about ATC, Dean Brenner, VP of government affairs for Qualcomm, told me. SkyTerra’s VP of regulatory affairs, Jeff Carlisle, said he was meeting with the FCC to point out that companies holding ATC licenses could get 100 MHz of spectrum online within the next couple of years. Back in 2003, the FCC overruled objections from the CTIA and the wireless industry, and told satellite companies holding spectrum in the L and S bands that they could offer broadband as long as it had a both a satellite and a terrestrial network component. Companies with this ATC approval promptly went out and raised billions to create such networks. [...]

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