Satview Broadband Ltd. to Purchase System From Baja Broadband LLC
October 18 2010 - 6:15AM
Marketwired
WENR Corporation (PINKSHEETS: WNRC) announced today Satview
Broadband Ltd., a wholly owned subsidiary of WENR Corp., has signed
an agreement to purchase a non-core cable system from Baja
Broadband LLC, a portfolio company of M/C Venture Partners and
Columbia Capital, in Nevada. Financial terms of the transaction
have not been disclosed. Closing will occur in Q4 2010 upon receipt
of regulatory and other approvals.
Baja Broadband provides triple-play broadband services including
cable television, high-speed Internet and digital voice to approx
70,000 residential and commercial customers in Utah, New Mexico and
Colorado. Peter Kahelin, CEO of Baja, said, "We are pleased to have
concluded this process with a successful outcome. This strategic
transaction will allow us to focus our attention and growth capital
on our core systems, and continue to provide our subscribers with
superior customer service and the most advanced products
available."
Waller Capital Partners, LLC, a New York City based investment
bank, served as Baja Broadband's exclusive financial advisor in the
transaction.
About Satview Broadband Ltd.
Satview is a wholly owned subsidiary of WENR Corporation
(PINKSHEETS: WNRC). Satview is a Reno-based television-programming
provider operating in Elko County and Douglas County, Nevada.
Satview designs, builds and operates broadband systems in the
communities it serves.
About WENR:
WENR Corporation is a media holding company, which has two
wholly owned subsidiaries, Satview Broadband Ltd. and Ngensolutions
LLC.
The foregoing contains forward-looking information within the
meaning of The Private Securities Litigation Act of 1995. Such
forward-looking statements involve certain risks and uncertainties.
The actual results may differ materially from such forward-looking
statements. The company does not undertake to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear any projected results (expressed or implied)
will not be realized.
Contact: WENR Corporation Dan Green 435-709-8350
www.wenr.net
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