KeyOn Communications Holdings Inc. (KEYO.OB) Closes on Purchase of Wireless Broadband Assets from ERF Wireless
KeyOn Communications Holdings Inc. is one of the largest providers of wireless broadband, satellite and voice over Internet protocol (VoIP) in the United States. The company primarily targets underserved markets with populations generally less than 50,000 people in western and mid-western states. The company announced today the closing of the acquisition of certain wireless broadband networks and subscribers in east central Texas from ERF Wireless Inc. Historically, the acquired networks have demonstrated consistent revenues and currently generate positive earnings before interest, taxes, depreciation and amortization. It is expected that KeyOn will receives the benefits of the positive EBITDA immediately. KeyOn…