Tucows, a global provider of internet services, signed an agreement to acquire Simply Bits, the largest fixed wireless network service company based in Tucson, Arizona, according to a statement from Tucows.
“This acquisition will be made through Ting Internet, a leading fiber internet provider in the United States and a subsidiary of Tucows,” the statement reads. “This purchase allows Ting to quickly enter the southern Arizona market, leverage Simply Bits’ wireless expertise and to build off of Simply Bits’ small but growing fiber footprint.”
As part of this deal, Tucows said, Ting will assume Simply Bits’ existing infrastructure and customers, adding approximately 4,500 customers, 1,100 square miles of fixed wireless network and a small fiber-to-the-home footprint to Ting’s portfolio. Tucows said that Ting also would retain Simply Bits’ employees, including senior management, with assistance and guidance from Simply Bits’ founding members.
“This acquisition marks another milestone for Ting as we move into the large and growing Arizona market,” said Jill Szuchmacher, chief strategy officer and executive vice-president networks at Ting Internet. “This deal allows us to leverage an existing network with significant capacity, ultimately accelerating our growth. By building on Simply Bits’ decades-long service in Southern Arizona, we will have a platform to introduce Ting to the broader Pima, Pinal, Santa Cruz and Cochise County communities, and the team and resources to enter the market quickly.”
Since its founding in 2004, Simply Bits has grown into a leading independent provider of internet, voice and other enhanced broadband solutions in the most populated areas of Southern Arizona, including Tucson, Marana, Vail, Oro Valley, Green Valley, Rio Rico, Sahuarita and Douglas, the statement from Tucows reads. It said that during the past 17 years, Simply Bits has created a sophisticated and robust network and is well-positioned to serve more than 425,000 residences as well as enterprises, educational institutions and government agencies.
“The merging of Simply Bits wireless network with Ting resources and fiber deployments will benefit our current and future customers and allow them state-of-the-art internet delivery options,” said Bradley Feder, a partner at Simply Bits.
The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2021, Tucows said.