NEW YORK — Backhaul & 4G Core Strategies for Mobile Operators — The U.S. wireless industry still faces a major challenge in getting fiber to its cell towers and that hurdle is only getting higher as more towers are built to support Long Term Evolution (LTE) rolbuts, says Hunter Newby, CEO of Allied Fiber LLC Today, only about 30 percent of the 300,000 towers built in the U.S. have fiber, even as wireless service providers plan to build out four to sbc times as many towers in order to make the best use of their limited spectrum. “We need to understand the reality of what it is going to cost to build that and where we are going to build it,” Newby says.
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Custom designed network provides secure, reliable, high speed access to electronic medical records and imaging and provides the platform to introduce new telemedicine applications
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New Mexico Healthcare Network to Receive High-Speed Broadband Connections from Conterra
Bridging America’s Healthcare Digital Divide
Charlotte, NC and Albuquerque, NM August 29, 2011- Conterra Ultra Broadband, LLC (“Conterra”), a national broadband services company specializing in bringing unique bandwidth solutions to complex telecommunications projects in rural areas, has been awarded a multi-year contract to provide fiber-quality, high-speed wide area network services to Presbyterian Healthcare Services of Albuquerque, NM.
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CHARLOTTE, NORTH CAROLINA, July 21, 2011 – Conterra Ultra Broadband Holdings, Inc. (d/b/a Conterra Broadband Services), a national telecom transport carrier specializing in the design, deployment and operation of hybrid—microwave/fiber—broadband networks, today announced completion of new senior-secured credit facilities that provide the company with up to $94 million of borrowing capacity from a bank group including CoBank, ACB, Bank of America, N.A., Webster Bank, N.A. and Cooperative Bank members of the Farm Credit System.
The five-year term loan and revolving credit facilities are comprised of $79 Million of current lending commitments and the conditional ability to expand the facilities under existing terms by an additional $15 Million. The new credit facilities were arranged by CoBank, Bank of America and Stephens Inc.
The net proceeds of this financing will be primarily used to fund additional network deployments to support Conterra’s rapidly expanding offerings of high-capacity, carrier-grade broadband services for wireless carrier, education, healthcare and government customers primarily in rural, underserved regions of the United States, and to repay its existing senior secured loan. The company also maintains substantial cash reserves from the proceeds of a $25 million equity offering led by Goldman Sachs in 2010 and positive cash flow from its operations.
“We expect the demand for high-quality, high-bandwidth telecom transport services to soar over the next several years, particularly in rural areas of the country where rapid and reliable internet access is often still far behind that which is available in urban areas, commented Conterra’s Chairman and Chief Executive Officer, Steve Leeolou. “We believe that having decades of proven telecom expertise and the funding in-hand to meet the tightening rollout schedules of these capital intensive broadband network projects give Conterra a unique and sustainable competitive advantage in the rural broadband marketplace,” added Mr. Leeolou.
Conterra Broadband Services is a highly experienced Ethernet and TDM transport carrier that specializes
in the design, deployment and operation of customized broadband networks in rural areas. During the
last decade Conterra has connected more than a thousand rural sites in 20 states, bringing high-capacity
transport services to the wireless, educational and healthcare industries. Conterra builds networks with
owned fiber, customized microwave networks and aggregated fiber from smaller carriers to reach sites
with high-capacity Ethernet and TDM services.
Conterra Contact Information:
Eric Burgess, EVP & Chief Financial Officer
Craig Simpson, Vice President Backhaul Sales and Development
Van Snowdon, EVP Corporate (E-rate/Telehealth) Development
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.