Private equity firm KKR sinks $100M into improving rural mobile networks
KKR is investing in three Associated Partners companies, all of which focused on delivering mobile connectivity and data capacity to rural areas.
KKR is investing in three Associated Partners companies, all of which focused on delivering mobile connectivity and data capacity to rural areas.
Six rural carriers will have launched LTE networks by the end of 2012 thanks to Verizon’s LTE in Rural America program. That will give Verizon customers 4G service in small towns well beyond its 400 market footprint. But the Verizon’s rural partners benefit plenty as well.
The Justice Department is giving Verizon clearance to close its $3.9 billion acquisition of the cable companies’ 4G airwaves. While it is imposing conditions on their joint-marketing agreements — basically non-compete pacts — to resell each others wireline and wireless services, the concessions are relatively minor.