About Open Range
Open Range Communications is a broadband wireless Internet services provider whose primary focus is delivering simply easierSM wireless high-speed Internet and voice services to hundreds of un-served and underserved communities across America.
Within the next five years, Open Range intends to serve over 500 communities, making its services available to approximately six million people. Open Range’s 4G wireless broadband network solution will connect customers through licensed spectrum, enabling communities to improve safety, economic growth, education, and quality of life and remain competitive in the age of global communications.
Headquartered in Greenwood Village, Colorado, the Company announced on January 9, 2009 an investment of $100 million from One Equity Partners (OEP), the private equity arm of JPMorgan Chase & Co. In March, 2008, the United States Department of Agriculture's Rural Development Utilities Program (RDUP) approved a $267 million Broadband Access Loan for Open Range, with the prerequisite that private financing also be secured. The OEP investment satisfied the RDUP's loan terms, making the funds available to Open Range.