DBC is a private operator of WiMAX (News - Alert) 4G broadband networks in underserved regions of the U.S. With its service in 15 communities nationwide, DBC not only provides fixed broadband wireless services, but also provides mobile broadband services though WiMAX-enabled laptops, netbooks, USB adapters and other portable devices.
"We are excited to partner with DigitalBridge on behalf of our members to further the deployment of next-generation broadband services in rural America," said Bob Phillips, president and chief executive officer at NRTC and newly-named DBC board member.
NRTC was founded in 1986 by the National Rural Electric Cooperative Association (NRECA) and the National Rural Utilities Cooperative Finance Corporation (CFC).
Since then, it has been offering products and services that are aimed at meeting the needs of rural utilities and their customers, which includes; high-speed Internet access via satellite, full-service Internet access and support, advanced metering infrastructure, SmartSCADA, wireless technologies, power quality products, long distance programs, mobile phone service, IP backbone services, direct broadcast satellite service (DBS) with DIRECTV and programming for Internet protocol television (IPTV (News - Alert)).
Through its nearly 1,500 rural telecommunications and electric cooperative members, NRTC works with a mission to improve the quality of life in rural America. DBC's open, all-IP network and cost structure is stated to allow NRTC members to significantly expand broadband service in their markets at a fraction of the capital and operating cost required for traditional wired and wireless services.
With this current announcement, the company’s financing includes now all of its existing Series B (News - Alert) investors: Paladin Capital Group, RedShift Ventures, CNF Investments, and Novak Biddle Venture Partners.
By combining capabilities, NRTC members and DigitalBridge will be able to rapidly deploy affordable, next-generation services to large parts of rural America. DBC's expertise will be further leveraged and enhanced by NRTC members' to launch new technologies in their rural communities.
"Together, NRTC's scale - reaching over 80 percent of US counties -- and DBC's proven capabilities makes for an unmatched combination that will allow our members to expand the reach of broadband services in their markets," said Phillips.
Phillips also noted that NRTC member companies have already done a remarkable job in delivering broadband to rural communities but said that with DBC they will be able to rapidly expand and ensure access to fixed and mobile broadband by millions more rural Americans.
"I can't think of a better partner for DBC at this stage of our growth," said Kelley Dunne, chief executive officer at DigitalBridge Communications (News - Alert).
"NRTC brings an unparalleled local presence in rural America that will greatly accelerate our ability to deliver innovative, 4G wireless services to the communities that need it the most."
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