Teton Wireless News

ASHBURN, Va., Dec. 11 /PRNewswire/ -- DigitalBridge Communications Corp. (DBC), a provider of broadband service to underserved communities, announced today that it has raised over $11 million in Series A venture financing and $6.25 million in debt from Comerica Bank. The round was co-led by Washington, D.C.-area funds RedShift Ventures, CNF Investments, and Novak Biddle Venture Partners, and it included prominent local investors Frank Bonsal and Bill Melton. DBC concurrently closed its acquisition of Teton Wireless and Montana Wireless, providers of wireless cable and Internet services in Idaho and Montana. DBC will enhance the service offerings in these markets by adding higher speed data services and expanding current service areas to include additional communities in the Intermountain West, Midwest and Southeast.

Founded by Kelley Dunne, Bill Wallace, and Joe Kochan in late 2005, DBC delivers broadband service to underserved communities nationally using new WiMAX technology. WiMAX, an established international standard for wireless telecommunications, uses licensed frequencies of radio spectrum to deliver high-bandwidth data services capable of self-installation by end users at distances up to 2 miles. With WiMAX, DBC subscribers will be able to set up service on their own within a matter of minutes and use their portable service inside or outside their homes and offices. WiMAX stands for Worldwide Interoperability for Microwave Access and is governed by the WiMAX Forum, formed in June 2001 to promote conformance and interoperability of the IEEE 802.16 standard. The Forum describes WiMAX as "a standards-based technology enabling the delivery of last mile wireless broadband access as an alternative to cable and DSL."

"WiMAX allows us to bring broadband services to many smaller communities that were previously too costly to serve with older technologies," said Kelley Dunne, CEO. He continued, "We are now able to offer the educational and economic opportunities provided by true broadband connectivity to many people who have had limited options for high speed Internet service."

"DigitalBridge Communications has developed a highly scalable network deployment and back office platform that will enable the company to take advantage of WiMAX economics," said Rich Harris, DBC board member and managing general partner of RedShift Ventures. "RedShift is excited to join such well- regarded venture firms as CNF Investments and Novak Biddle Venture Partners, as well as this proven and experienced management team, in helping the company be an enabler for this new WiMAX technology and bring broadband to communities nationwide."

Joining the DBC board of directors are Tom Scholl, Novak Biddle Venture Partners, Rich Harris, RedShift Ventures, and Joe Del Guercio, CNF Investments.