KeyOn Has Entered a Definitive Asset Purchase Agreement with ERF Wireless

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KeyOn Has Entered a Definitive Asset Purchase Agreement with ERF Wireless KeyOn Has Entered a Definitive Asset Purchase Agreement with ERF WirelessKeyOn Has Entered a Definitive Asset Purchase Agreement with ERF Wireless

 

17 February 2011

KeyOn Communications Holdings Inc., the provider of wireless broadband and VoIP services in the US, has stated that the company has entered a definitive Asset Purchase Agreement with ERF Wireless intending to acquire wireless broadband networks and subscribers in Texas.
According to an agreement, KeyOn will pay $3 million in cash and about 100,000 shares of the company's common stock. The deal is expected to be completed in second half of February.
According to officials, after the completion, the acquisition will become the ninth acquisition of network assets and subscribers since the inception of Rural UniFi in 2009 and the thirteenth acquisition for the company overall.

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