The funding include investment from Schurz Communications, which operates two cable systems offering high-speed data services, eleven daily newspapers, ten TV stations, thirteen radio stations, and twenty-five highly-visited news and information websites.
The deal will enable the two companies to jointly advance 4G media opportunities.
Commenting on the investment, Todd Schurz, CEO of Schurz Communications, said: “We have seen increased consumer demand and usage for broadband services from our cable operations, and our partnership with DBC will allow us to offer high-quality, high-speed, wireless broadband services to our customers and communities.
The current round of financing also includes Series B investors National Rural Telecommunications Cooperative (NRTC), Paladin Capital Group, CNF Investments, and Novak Biddle Venture Partners.
FinSMEs