Tuesday, January 10, 2006

WildBlue Finds $200M

Denver Colorado-based high speed internet provider WildBlue Communications has raised $200M in a secured credit facility, the firm said today. The funding will be used to support the continued growth of its high speed Internet access business. The lending group was led by Liberty Media, along with the National Rural Telecommunication Cooperative and TimesArrow. WildBlue provides broadband connectivity via satellite to rural businesses and homes. The company is targeting bringing broadband access to customers who do not have access to terrestrial broadband connectivity.