RENO, NV -- (Marketwire) -- 08/03/09 -- Yonder Media, a broadband Internet provider
focused on improving the quality of life by connecting rural communities,
today announced that it has acquired the fixed wireless Internet access
business of SureWest Broadband (NASDAQ: SURW), located in the Roseville,
CA, area.
Yonder Media is committed to becoming the nation's leading provider of
broadband access services exclusively for rural communities, where it will
bundle high-speed wireless services, customized local Internet portals, and
VoIP communications. Yonder Media, through its Yonder Wireless group of
operating companies, is growing through selective acquisitions and its
strong focus on underserved rural markets in the US, where as many as 10
million Americans are demanding faster Internet access as an alternative to
slower dial-up services.
"The addition of SureWest's rural broadband customers located in the heart
of California builds on Yonder Media's commitment to growth through
selective acquisition," said Craig Vallarino, CEO of Yonder Media. "This
marks another key milestone as we expand our reach and become the provider
of choice for connecting rural communities to the Internet."
"The sale of the fixed wireless Internet assets is an appropriate move for
the company as we continue to execute on our plan to divest non-core
assets," said Steve Oldham, SureWest's president and chief executive
officer. "Yonder Media is an excellent fit for our customers, matching
them with a company that is equally committed to superior customer service
as our customers have become accustomed to with SureWest."
Yonder Media's mission is to improve lives by connecting rural communities.
The company's vision for Broadband services include important features,
such as customized Web portal services that cater to the local community,
integrated home automation technologies that control everyday aspects of
life, affordable digital (VoIP) phone services and IP video enhanced
entertainment, education and business productivity.
About Yonder Media
Yonder Media is the growing enhanced services provider exclusively
committed to enriching the lives of rural Americans through cost-effective,
wide reaching and dynamic broadband services. Based in Reno, Nevada, Yonder
Media, through its operating company, Yonder Wireless, today serves select
communities within the western United States. For detailed information,
visit: www.yondermedia.com
About SureWest
SureWest Communications (www.surewest.com) is one of the nation's leading
integrated communications providers and is the bandwidth leader in the
markets it serves. Headquartered in Northern California for more than 90
years, the company expanded into the Kansas City region in February 2008
with the acquisition of Everest Broadband, Inc. and offers bundled
residential and commercial services that include IP-based digital and
high-definition television, high-speed Internet, Voice over IP, and local
and long distance telephone. SureWest was the nation's first provider to
launch residential HDTV over an IP network and offers one of the nation's
fastest symmetrical Internet services with speeds of up to 50 Mbps in each
direction on its fiber-to-the-home network.
Media contacts:
Yonder Media
Dirk Christiansen
Email Contact
Tel: (925) 862-0225
Allen and Caron
Joe Allen
Email Contact
Tel: (212) 691-8087