SAN JOSE, Calif.—Covad Communications Group Inc. said it signed an agreement to acquire the assets of Chicago-based broadband wireless operator DataFlo Communications L.L.C. for $1.4 million.
The cash transaction is expected to close this month.
The deal expands Covad’s broadband wireless coverage to six markets and complements its existing broadband coverage in Chicago, said the company.
“Fixed broadband wireless service is one of Covad’s primary growth drivers and this announcement signals the next phase of our targeted national expansion,” said Patrick Bennett, executive vice president of market development for Covad. “By acquiring DataFlo, we will gain a wireless coverage area in Chicago where there is strong small and medium-sized business growth. DataFlo’s wireless network also complements our existing wireline coverage area in that market.”
The company also provides broadband wireless coverage in Los Angeles, San Francisco, San Diego, Orange County and Las Vegas.
