alarm:clock

Communications - Friday, April 27, 2007

Goldman Sachs Goes Whole Hog With Arcadian Networks Putting In $70M To Date

Goldman Sachs has invested another $30M in broadband wireless carrier Arcadian Networks. That means that Goldman is into Arcadian to the tune of $70M.

The company began rolling out its service last April, using licensed 700 MHz spectrum that it acquired from the secondary market for the tens of millions of dollars.

Arcadian's first customer, signed in April 2006, is the Elk River, MN-based nonprofit utility cooperative, which serves about 1.7M people. The final installation of the first phase of the company's network is due to be completed by the end of the year.

Acardian plans to spread its network across the US. From a population perspective it plans to cover about 1/3 of the US and from a square mile perspective it will cover 2/3rds of the US.

View - site