Covad buys NextWeb for $24.7M

Covad Communications acquired fixed wireless Internet provider NextWeb for $24.7 million. Covad will pay $4 million in cash, exchange $19 million in Covad shares and assume $1.7 million in debt. NextWeb claims nearly 3,000 business customers in California and Nevada. The company was attracted to NextWeb because the deal reduces Covad's reliance on copper while complementing its existing pre-WiMax technical trials in San Francisco. NextWeb just completed a series of acquisitions of its own, including SkuPipeline, WorldWide Wireless and 1st Universe.

For more on the Covad, NextWeb deal:
- read this piece from Wireless Week

Sponsored by ADI

What if we were always connected? With the help of our advanced wireless technology, even people in the most remote places could always be in touch.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

Nokia said joint research with Telefónica confirms that 5G networks are up to 90% more energy efficient than 4G.

The Senate Commerce Committee voted 14-12 along party lines to move forward on President Trump’s nomination of Nathan Simington to the FCC.

5G means networks and transport are no longer a one-size-fits-all scenario.