TelePacific Communications acquires MegaPath's NextWeb, Inc.

TelePacific Communications acquired MegaPath's NextWeb, Inc. subsidiary, dba Covad Wireless, a broadband fixed wireless carrier operating in California and Nevada. Both the companies have signed an agreement today, As per the terms of the agreement, TelePacific Communications will gain approximately 3,500 profitable broadband fixed wireless business customers in California, Nevada and suburban Chicago through an all cash purchase of capital stock.

TelePacific's acquisition of Covad Wireless will expand TelePacific's SMB services into the fixed wireless market with a complementary network footprint. Transaction benefits include increased availability of high bandwidth products to customers, the ability to provision customers more quickly, and own the “last mile” which reduces dependency on incumbent local exchange carriers (ILECs). The transaction also strengthens TelePacific's position as the number one competitor to AT&T and Verizon for SMB customers in the California and Nevada markets.

Covad Wireless customers will have access to TelePacific's enhanced business services including converged voice and data networks in California and Nevada, and wide area networking capabilities globally. The addition of a broadband fixed wireless network allows TelePacific to offer quick-to-deploy wireless Internet, and reinforce its business continuity solutions with both wireless and wired network paths.