Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

MetroBridge Networks completes acquisition of Utah Broadband for US$5.5 million

Fasken
Reading Time 1 minute read Subscribe
Client

MetroBridge Networks

On February 5, 2008, MetroBridge Networks International Inc. (TSX-V: MEB), announced that it had completed the acquisition of the assets of Utah Broadband, LLC, a Salt Lake City-based company with operations in six counties including the Salt Lake City, Provo, and Park City metropolitan areas. The purchase price of US$5.5 million is comprised of US$4.1 million in cash, and 3,119,082 in MetroBridge shares priced at $0.449 per share. MetroBridge, a leading international fixed wireless provider, delivers broadband wireless access using pre-WiMAX and other advanced wireless technologies. Its highly redundant mission critical network provides connections up to 2500Mbps in Canada and the United States. MetroBridge was advised in this transaction by a team from Fasken Martineau that included Blair Horn, Benjamin Lee and Lorene Novakowski.

    Subscribe

    Receive email updates from our team

    Subscribe