DigitalBridge Partners with Media Company
Posted by Jesse Ward on Monday, November 23, 2009 · 
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Rural WiMAX provider DigitalBridge Communications (DBC) announced last Friday that it has completed an additional round of equity financing including a strategic partnership with Schurz Communications.
Based in Mishawaka, Indiana, Schurz owns and operates a variety of media companies, including cable systems offering high-speed data services, TV and radio stations, newspapers and online media. The company is dedicated to serving small and medium-sized markets nationwide.
Since launching its service in 2007, DBC has deployed WiMAX networks in 15 markets nationwide. The company brings fixed broadband wireless services to a variety of customers — residential, business, educational, healthcare and public safety — and provides mobile broadband services though WiMAX-enabled laptops, netbooks, USB adapters and other portable devices.
Under the terms of this new agreement, the companies will work together to offer mobile broadband and local content applications in Schurz’s territories. Joint commercial rollouts will be announced in 2010, with DBC engineering, constructing and operating the broadband wireless networks, and local Schurz teams promoting, selling and supporting product bundles.
“We have seen increased consumer demand and usage for broadband services from our cable operations, and our partnership with DBC will allow us to offer high-quality, high-speed, wireless broadband services to our customers and communities,” said Todd Schurz, CEO of Schurz Communications.
Of note, this current round of financing includes investments from the previous Series B companies: National Rural Telecommunications Cooperative (NRTC), Paladin Capital Group, CNF Investments, and Novak.
View the release.
Read more: NRTC Invests in DigitalBridge and DigitalBridge Serves Rural Areas with WiMAX.
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