KeyOn Communications Holdings, Inc. (KEYO.OB) Files Applications for Stimulus Funds
KeyOn Communications Holdings, Inc. filed applications for $150 million of Federal Broadband Stimulus Funds under the American Recovery and Reinvestment Act of 2009. KeyOn, already one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, could be a major player on Wall Street in the near future if funds are granted. KeyOn’s existing wireless networks currently cover over 2.5 million people, but with this grant, the company can expand to cover as many as 16 states and provide wireless broadband access to 6.5 million customers. Commenting on the effect…