TPT Global Tech Acquires Rural ISP SpeedConnect
TPT Global Tech (TPTG), a global technology provider headquartered in San Diego, California, has acquired SpeedConnect LLC for $2 million. As part of the deal, TPTG will assume certain SpeedConnect liabilities, the company said.
Founded in 2002 by CEO John Arthur Ogren, SpeedConnect is a residential and commercial ISP primarily focused on rural areas of the United States. The privately-held broadband wireless access provider serves around 20,000 customers in Arizona, Idaho, Illinois, Iowa, Michigan, Montana, Nebraska, South Dakota and Texas. The company also resells third-party satellite internet, DSL internet, IP telephony, and DISH TV products. Ogren will stay on as the CEO of SpeedConnect for TPTG for the next two years, the company said.
Describing the deal, TPTG CEO Stephen Thomas said:
“The potential acquisition of the assets of SpeedConnect positions the Company to expand our telecommunication operations in Phoenix, Arizona and may better position the Company to launch 5G Technology to rural America to deliver TV, Internet, Media Content and Phone services across 10 Midwestern states utilizing our proprietary telecom infrastructure and mobile media delivery broadcast platform.”
As part of its portfolio, TPTG already offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over its private network in the United States. The company also provides various cellular and mobile-related services.