Rise Broadband Receiving $16.9 Million to Provide Internet Service via FCC Rural Broadband Experiment Program

Rise to Offer Wireless Internet and Phone Service to 43,000+ Homes and Businesses in Rural Areas of Five States

DENVER--()--Rise Broadband (formerly JAB Broadband), the nation’s largest fixed wireless broadband service provider, is being awarded $16.9 million to deliver affordable high-speed Internet and phone service to unserved or under-served homes and businesses in five states through the Federal Communications Commission’s (FCC) Rural Broadband Experiment program.

As one of the FCC’s award designees, Rise will ultimately offer wireless broadband service to more than 43,000 homes and businesses in rural parts of Illinois, Iowa, Nebraska, Kansas, and Texas. The award was made to the company’s Skybeam, LLC, subsidiary, which was rebranded as Rise along with the rest of the organization in May 2015.

“The FCC Rural Broadband Experiment ensures people in remote areas will have access to high-speed, affordable Internet and phone service – closing the digital divide and providing the communications access they need and deserve,” said Jack Koo, Rise Broadband’s president and chief executive officer. “By enhancing information, streaming, education, and entertainment, we help individuals and businesses in remote areas connect with the people and things they value most; supporting each area’s economy in the process.”

The FCC Rural Broadband Experiment was created in 2014 to identify reliable, affordable alternatives of bringing high-speed broadband service to rural residents across the country. The program’s investment is $100 million; with no one bidder able to receive more than $20 million.

The FCC received more than 575 bids from 181 companies. Rise Broadband was chosen based on the cost effectiveness of building its networks and by demonstrating a proven track record and technical expertise in delivering broadband service to rural areas.

About Rise Broadband

Rise Broadband is the nation’s largest fixed wireless Internet provider; serving nearly 200,000 rural and suburban residential and commercial accounts in the Midwest, Rocky Mountain and Southwest regions.

Incorporated in 2005, parent company JAB Broadband rebranded all of its operations as Rise Broadband in 2015 – including regional divisions Digis, Prairie-iNet, Skybeam, T6 and Rhino Communications.

Today, Rise Broadband offers affordable high-speed broadband (Internet and phone) services in 16 states; with speeds ranging between 3 Mbps and 1 Gbps.

Rise Broadband is headquartered in metro Denver. For more information, visit www.risebroadband.com.

Forward-Looking Statements

The information in this news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the company’s business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Actual events or results may differ materially. The company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Contacts

Abels Communication Company
Richard Abels, 303-779-6292
rabels@AbelsComm.com

Release Summary

Rise Broadband, nation's largest fixed wireless Internet provider, expanding service in rural areas of five states via $16.9 million FCC award.

Contacts

Abels Communication Company
Richard Abels, 303-779-6292
rabels@AbelsComm.com