Tucows' Ting Internet Accelerates Growth with Acquisition of Simply Bits

About this update from Tucows Inc.

[{"type":"text","content":"Strategic acquisition of established network opens new market opportunities for Ting in Arizona\n TORONTO, Oct. 18, 2021 /PRNewswire/ - Today Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global provider of internet services, announced that it has signed a definitive agreement to acquire Simply Bits, the largest fixed wireless network service company based in Tucson, Arizona.This acquisition will be made through Ting Internet, a leading fiber internet provider in the U.S. and a subsidiary of Tucows. This purchase allows Ting to quickly enter the Southern Arizona market, leverage Simply Bits' wireless expertise, and to build off of Simply Bits' small but growing fiber footprint. As part of this deal, Ting will assume all of Simply Bits' existing infrastructure and customers, adding approximately 4,500 customers, 1,100 square miles of established fixed wireless network, and a small fiber-to-the-home footprint to Ting's portfolio. Ting will also retain Simply Bits' employees, including senior management, with assistance and guidance from Simply Bits' founding members. \n\n \n \n \n \n \n \n\n \n\"This acquisition marks another milestone for Ting as we move into the large and growing Arizona market. This deal allows us to leverage an existing network with significant capacity, ultimately accelerating our growth,\" said Jill Szuchmacher, chief strategy officer and executive vice-president networks, Ting Internet. \"By building on Simply Bits' decades-long service in Southern Arizona, we will have a platform to introduce Ting to the broader Pima, Pinal, Santa Cruz and Cochise County communities, and the team and resources to enter the market quickly.\"\nSince founding in 2004, Simply Bits has grown into a leading independent provider of internet, voice and other enhanced broadband solutions in the most populated areas of Southern Arizona, including Tucson, Marana, Vail, Oro Valley, Green Valley, Rio Rico, Sahuarita and Douglas. Over the past 17 years, Simply Bits has created a sophisticated and robust network and is well-positioned to serve more than 425,000 residences as well as enterprises, educational institutions and government agencies.\n\"The merging of Simply Bits wireless network with Ting resources and fiber deployments will benefit our current and future customers and allow them state of the art internet delivery options,\" said Br...

More updates from Tucows Inc.