GeoLinks Partners with JLC Infrastructure for Nationwide Broadband Expansion
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GeoLinks, a prominent enterprise-level telecommunications company, has taken a significant stride in its journey to transform the country’s digital landscape. The California-based firm has recently secured a minority investment from JLC Infrastructure, an asset management firm co-founded by former NBA superstar Earvin “Magic” Johnson and entrepreneur Jim Reynolds Jr. The partnership, backed by JLC’s $1.5 billion assets under management, is a pivotal moment in GeoLinks’ upcoming nationwide expansion.
The world is becoming more digitally reliant with each passing day, with high-speed, affordable, and reliable broadband turning into a necessity rather than a luxury. However, the digital divide still plagues numerous urban and rural American communities. GeoLinks, equipped with its award-winning ClearFiber™ technology and the largest gigabit capable fixed wireless spectrum footprint in the U.S., is uniquely positioned to bridge this gap.
In expressing his thoughts about this strategic partnership, GeoLinks’ Co-Founder and CEO Skyler Ditchfield said, “We are honored to join the JLC portfolio of investments alongside some of the nation’s most significant infrastructure partners and projects. We look forward to leveraging the expertise and resources of JLC Infrastructure and its outstanding team to strengthen our position as a key player in the telecommunications industry and improve broadband accessibility for all.”
As the leading Nationwide holder of Fixed Wireless Licensed Spectrum in the 29/31 GHz band, boasting over 84 Billion+ Pops/Mhz, GeoLinks’ alliance with JLC will unlock fresh avenues for growth and development. It will not only enhance GeoLinks’ ability to service customers nationwide but will also enable it to compete in various nationwide projects. The intricacies of securing these projects often entail an equal mix of political and technical maneuvering. JLC’s established relationships across state, federal, and financial circles will prove to be a significant asset for GeoLinks in this regard.
Moreover, JLC’s financial support will enable GeoLinks to further expand their significant spectrum footprint. This expansion is vital for delivering broadband to urban and rural communities, businesses, and government institutions beyond their current footprint in California, Nevada, and Arizona. This growth strategy is aligned with GeoLinks’ first independent investor, Rock Mountain Capital.
Marlon Smith, Managing Director of JLC Infrastructure, remarked on the partnership, “Over the last twelve years, GeoLinks has assembled a unique combination of assets enabling it to effectively address critical communications needs. JLC is excited to partner with the GeoLinks team and looks forward to supporting the company’s continued growth and mission of delivering high-quality broadband service to customers in underserved markets across the U.S.”
The Bank Street Group LLC acted as the exclusive financial advisor, and Kirkland & Ellis LLP served as the legal advisor to GeoLinks throughout this partnership process.
GeoLinks has consistently disrupted the telecommunications industry with its unique combination of technology, service, and growth potential. Its revolutionary ClearFiber™ technology, combined with an unrivaled fixed wireless spectrum footprint, enables it to deliver enterprise-grade dedicated internet access to rural, suburban, and urban communities, businesses, and municipalities nationwide.
JLC Infrastructure, formed in 2015 by Loop Capital and Magic Johnson Enterprises, is an investor and asset management firm. It concentrates on the transportation, communications, energy, utilities, and social infrastructure sectors in North America, with $1.5 billion of Assets Under Management as of March 31, 2023.
This partnership between GeoLinks and JLC Infrastructure thus marks a significant step forward in the mission to provide high-speed, reliable broadband services to all corners of the U.S. As GeoLinks leverages this opportunity to expand its reach nationwide, the broader vision of digital connectivity and inclusivity in America seems to be within grasp.
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