Charlotte, NC and Lubbock, TX July 27, 2010– Conterra Broadband Services, a national broadband services company specializing in rural areas, has been awarded a multi- year contract to provide high-quality, high-speed wide area network services to the Texas Region 17 Education Service Center Consortium for 41 member independent school districts and charter schools. The hybrid broadband network is a combination of fiber optic and FCC-licensed microwave radio design which will upgrade the service currently provided by the consortium’s low bandwidth network to a state-of-the art Ethernet based, wide area broadband network connecting member districts to Region 17’s administration building located in Lubbock. The telecommunication services provided by Conterra are supported through the federal Universal Service E-Rate program which subsidizes a large portion of the consortium members, costs of utilizing the new services.
Archive for 2010
CONTERRA BROADBAND PROVIDING HYBRID BACKHAUL TRANSPORT IN NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE AND GEORGIA FOR VERIZON WIRELESS’ 4G LTE NETWORK LAS VEGAS; CHARLOTTE, N.C.; and BASKING RIDGE, N.J. – From CTIA WIRELESS 2010®,
Conterra Broadband Services (“Conterra”) and Verizon Wireless announced today that Conterra’s hybrid fiber/microwave network services are being used by Verizon Wireless to help build the nation’s largest 4G Long Term Evolution (LTE) network. Conterra’s transport networks support the huge volume of backhaul traffic enabled by new 3G and 4G LTE technologies and the new data-capable devices that have become commonplace among today’s wireless mobility subscribers. Conterra’s deployments to support Verizon Wireless in North Carolina, South Carolina, Tennessee and Georgia offer both
SONET/TDM and native Ethernet capability.
Conterra’s hybrid networks provide fiber-level performance from end to end, even in rural areas where fiber is unavailable and carrier-grade microwave connections are required. Furthermore, Conterra’s networks are designed to be easily upgraded and extended as Verizon Wireless has demonstrated frequently by expanding bandwidth needs and extending their data coverage into more rural areas.
“Verizon Wireless has been a key partner in Conterra’s emergence as a trusted service provider in the U.S. backhaul market,” noted Steve Leeolou, chairman and chief executive officer of Conterra. “For more than three years, we have been providing high-quality, scalable network solutions to support the upgrading of Verizon Wireless’ backhaul capabilities in the Southeast; and, based on our successful track record, we are now actively engineering customized transport services in other underserved parts of the country.” Nicola Palmer, Verizon Wireless network vice president, said, “Conterra’s expertise in providing backhaul in less-populated areas is a perfect fit as we lay the groundwork to provide rural and small-town Americans with incredible new wireless broadband services with our 4G LTE network.”
Verizon Wireless’ LTE rollout plan positions the company as a global leader in 4G LTE deployment, and it is on track to deliver the nation’s first 4G LTE network to customers in 25 to
30 markets, covering roughly 100 million people by year’s end. Verizon Wireless has been conducting trials in Boston and Seattle since August 2009 that have indicated that the network is
capable of peak download speeds of 40 to 50 megabits per second (Mbps), peak upload speeds of 20 to 25 Mbps, and average data rates of 5 to 12 Mbps on the downlink and 2 to 5 Mbps on the
uplink in real-world environments. The speeds are significantly faster than Verizon Wireless and other wireless providers’ current or promised 3G network speeds.
By leveraging its 700 MHz spectrum for LTE deployment in the United States, Verizon Wireless is capable of quickly deploying a high-quality wireless broadband network with excellent coverage and in-building penetration. Verizon Wireless is currently installing LTE equipment at existing cell sites and switching centers around the United States as part of its extensive, ongoing investment in its voice and data network infrastructure.
Visit www.verizonwireless.com/lte for more information about Verizon Wireless’ 4G LTE network. For more information about Conterra, visit www.conterra.com.
About Verizon Wireless
Verizon Wireless operates the nation’s most reliable and largest wireless voice and 3G data
network, serving more than 91 million customers. Headquartered in Basking Ridge, N.J., with
83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications
(NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit
www.verizonwireless.com. To preview and request broadcast-quality video footage and highresolution
stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia
Library at www.verizonwireless.com/multimedia.
Conterra Ultra Broadband Holdings, Inc. is a privately held, alternative access transport carrier that, through its subsidiaries, provides managed, fiber-class broadband solutions to approximately 1,000 commercial sites in 17 states supporting customers in the wireless mobility, K-12 school, healthcare and government sectors. Headquartered in Charlotte, North Carolina, Conterra’s executives have deep backgrounds in the cellular communications industry (including former top executives of one of America’s first cellular operating companies, Vanguard Cellular Systems), as well as the CLEC and IT industries. Additional information about Conterra is available at www.conterra.com, or by contacting our President & COO, Dennis Francis, at 717.368.9286 /firstname.lastname@example.org or our EVP, Corporate Development, Van Snowdon, at 704.936.1803/ email@example.com.
March 24, 2010 Jeffrey Nelson
Conterra Broadband Services
Former Alltel Executives & Conterra’s CEO Also Participate
CHARLOTTE, NORTH CAROLINA, January 6, 2010—Conterra Ultra Broadband Holdings, Inc. today
announced completion of a $25 million senior preferred stock offering led by The Goldman Sachs Group,
Inc. Other investors were The Circumference Group, LLC, an Arkansas based advisory and investment
firm comprised of former Alltel Wireless corporate executives, and Conterra’s Chairman and CEO,
Stephen Leeolou. Proceeds from the offering will be used to fund new network deployments that will
enable Conterra to provide high‐speed broadband transport services to its growing base of wireless
carrier, education, healthcare and government customers primarily in rural, underserved regions of the
“The addition of this substantial equity capital strengthens our balance sheet and will allow us to
continue to aggressively rollout our hybrid, fiber/microwave, video, data and voice transport networks
in virtually any location on a nationwide scale,” noted Mr. Leeolou. “In addition to their investment, we
believe that Goldman Sachs’ and Circumference Group’s insights and corporate development experience
in the telecom industry will also add value to our company,” added Mr. Leeolou.
”We believe the U.S. broadband market is poised for strong growth over the next several years and that
Conterra is well positioned, with the right management team, target markets and service offerings to
participate in this growth,” commented Peter Perrone, Managing Director, Goldman Sachs. “Providing
high‐capacity mid‐mile and last‐mile transport connections in parts of the country that have traditionally
lacked adequate broadband infrastructure is an attractive business opportunity,” added Mr. Perrone.
Goldman Sachs joins Duke Energy Corp. and GE Capital as Conterra’s largest institutional equity
investors. The company also continues to have access to its $40‐million dollar senior credit facility
provided by a multi‐billion‐dollar, U.S. based investment fund.
As a result of this $25 million preferred equity transaction, Mr. Perrone and Circumference’s Christopher
Smith, former Executive Vice President, Network Services of Alltel Wireless (acquired by Verizon
Wireless for more than $28 billion), will join Conterra’s five‐member Board of Directors. Richard Bates,
Vice President, Mergers and Acquisitions for Duke Energy, will also join the Board and Mr. Leeolou will
continue to serve as its Chairman.
The Little Rock, Arkansas investment banking firm of Stephens Inc. served as financial advisor to
Conterra on this transaction and corporate legal services were provided by McGuireWoods LLP in
Charlotte, N.C. Goldman Sachs was represented by Wilson Sonsini Goodrich and Rosati, P.C. in Palo
Conterra Ultra Broadband Holdings, Inc. is a privately held, alternative access transport
carrier that, through its subsidiaries, provides managed, fiber‐class broadband solutions to
approximately 1,000 commercial sites in 17 states supporting customers in the wireless mobility, K‐12
school, healthcare and government sectors. Headquartered in Charlotte, North Carolina, Conterra’s
executives have deep backgrounds in the cellular communications industry (including former top
executives of one of America’s first cellular operating companies, Vanguard Cellular Systems), as well as
the CLEC and IT industries.
Additional information about Conterra is available at www.conterra.com, or by contacting our EVP & CFO, Eric Burgess, at firstname.lastname@example.org or our EVP, Corporate Development, Van Snowdon, at 704.936.1803/ email@example.com.
About Goldman Sachs:
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
About Circumference Group:
The Circumference Group LLC is a private investing and advisory team focused on technology and telecommunications businesses. The Circumference Group team is comprised of seasoned operators and investors with senior management experience in multiple disciplines. Circumference Group co‐invests alongside trusted partners in businesses the team understands, and complements its investments with advisory services that leverage Circumference Group’s proven methodologies and experience as an operating team. Additional information about the Circumference Group is available at www.circumferencegroup.com.