Affiniti has acquired the assets of Trillion Partners,...
Affiniti has acquired the assets of Trillion Partners, said Global Leveraged Capital, the investment firm that Affiniti owns, in a news release Friday (http://bit.ly/17Hgcxm). Affiniti operates broadband networks in 21 states, including its network management agreement with EAGLE-Net in Colorado,…
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and it provides managed services in the education, healthcare, government and wholesale markets, said GLC. Affiniti also entered into an agreement with the North Florida Broadband Authority (NFBA) to become a sub-recipient of its NTIA Broadband Technology Opportunities Program grant to build out, manage and operate its broadband network, said GLC. Through one of its affiliates, GLC provided additional capital to Affiniti to support the company’s “expanding operations” and finance the transactions with EAGLE-Net and NFBA, said GLC. The acquisition of Trillion’s assets closed Oct. 18. GLC has been a lender to Trillion since 2008, and it has supported Trillion through its operational and financial restructuring, said GLC. Rep. Cory Gardner, R-Colo., submitted a letter to NTIA on Oct. 29 questioning EAGLE-Net’s choice of Affiniti as its operator (CD Nov. 1 p8). EAGLE-Net selected Affiniti as its network operator due to Affiniti’s focus on serving schools, hospitals and government organizations in rural communities; Affiniti’s approach of forming a public-private partnership structure with EAGLE-Net; and the strong financial commitment from GLC, said EAGLE-Net and Affiniti in a description of the partnership released last week (http://bit.ly/1aMRb1w). Both EAGLE-Net and Affiniti will continue to work with all service providers that wish to leverage EAGLE-Net to provide last-mile broadband services in markets served by EAGLE-Net’s middle-mile network, said the description.