California-based Telecom firm GeoLinks said that it has secured a significant minority investment from a group led by Rock Mountain Capital. The investment will be used for network expansion plans, amplify funding for strategic acquisitions and streamline internal growth and operations, said the company.
The investment comes at a time when the company is in the process of deploying its ClearFiber+ technology across one of the fastest-growing fixed wireless networks in the US. Capable of connecting businesses and anchors institutions to multigigabit networks in less than 10 days, GeoLinks owns exclusive rights to utilize the technology platform in key spectrum bands throughout the United States.
“Through strategic network growth, technological innovation and unwavering dedication, we've continued to deliver high-speed connectivity to more businesses, schools, libraries, hospitals and households throughout California and Nevada every day. Partnering with a premier team from Rock Mountain Capital allows us to scale our growth while reaching more customers in our coverage area and continuing to grow our network,” said GeoLinks Co-Founder and CEO, Skyler Ditchfield.
Together with its recent acquisition of network assets and 5G spectrum licenses from TPx Communications, GeoLinks owns the largest coverage area of any single provider in California. Combined with its existing position as one of the fastest-growing private companies in America.