CALGARY – Corridor Communications Inc. (CCI Wireless) says that it is now Canada's second-largest wireless internet service provider (WISP) after acquiring WiBand Communications Corp. Financial terms of the deal, which closed May 1st, were not disclosed.
Founded in 1998, WiBand provides commercial internet and networking services to thousands of business customers and government organizations across urban and rural British Columbia, Alberta, Saskatchewan, and Manitoba.
CCI Wireless said Wednesday that the acquisition supports its long-term vision and strategy of connecting the under-connected by enhancing its product offering and expanding its coverage area in Western Canada.
"By following our founding purpose of connecting un-served and under-connected rural Alberta, CCI became the company that made connections possible, wherever they were needed," said CCI Wireless CEO Jordan Young, in the news release. "With this acquisition, CCI is well-positioned to address not only residential connectivity challenges, but also business connectivity challenges, enabling both business and community to connect to their futures."
CCI Wireless pledged to bolster WiBand's network construction division, One Nation Networks, which provides network construction for business, government and Indigenous communities. It added that it intends to maintain WiBand's current services, staffing, network, and operations, and that WiBand's former owner and CEO Robert Kennedy has joined the CCI Wireless Board of Directors.
"We find the joining of our two companies to be a great fit, with remarkable synergies," added WiBand president Mike Bayes. “When you overlay our network assets, there is very little cross-over, and our goals and company culture are an exact match. Together, we will be able to take advantage of opportunities that each of us couldn't have accomplished alone."
