KIRKLAND, WA – September 14, 2016 – Wave (www.wavebroadband.com), a gigabit fiber and broadband services company, announced today two acquisitions of two fiber-optic broadband companies: CoastCom (www.coastcom.net), a Newport, OR-based company providing high-speed internet, data, and voice services for businesses on the Oregon Coast and in Central Oregon; and Vancouver, WA-based SawNet (www.saw.net), a broadband services provider for businesses, schools, and consumers in the Columbia Gorge region of northern Oregon and southern Washington.
The acquisitions expand Wave’s fiber network and its commercial service offerings in and around Oregon. CoastCom owns more than 250 miles of fiber in Oregon, while SawNet owns more than 100 miles of fiber spanning east from Portland/Vancouver through the Columbia River Gorge. Wave will add those assets to its fiber network, along with CoastCom’s more than 150 business customers.
CoastCom’s and SawNet’s combined 55 employees have joined Wave, and the company will invest in additional technology to accelerate local network growth and customer service. CoastCom’s fiber network includes diversified fiber routes from the Oregon Coast to Hillsboro, OR, available to business customers of all sizes. Its fiber network also connects directly to a submarine cable landing station in Pacific City, OR, complementing Wave’s recently announced Transpacific Hub data center venture with Centeris by giving Wave and its business customers access to key overseas markets in Asia via the cable landing station.
“We are very pleased to add CoastCom and SawNet to Wave, as their local fiber networks and business customers complement what we’re already building in Oregon and southern Washington,” said Steve Weed, Wave CEO.
This news comes as Wave also announced today that it has raised $125 million to continue the accelerated growth of its West Coast fiber network, bolstering its commercial services division and its Wave G residential Gigabit service. Wave previously raised $130 million in funding in May 2015 and was recapitalized for more than $1 billion in November 2012. Wave has deployed proceeds from those financing events toward new fiber construction, select acquisitions, and the overall acceleration of Wave’s growth.
About Wave
Wave is a gigabit fiber and broadband services provider for West Coast business and residential customers. Wave delivers a range of solutions for businesses, including custom fiber networks, high capacity Internet access, data transport, voice services, and colocation hosting. Wave also serves residential customers with high speed internet, TV programming and phone services. For more information, visit http://gowave.com
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Mark S. Peterson
Pointer PR LLC
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