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Thursday, Jul 18, 2024

Geolinks Acquires SoCal Broadband Provider

Geolinks has acquired fixed wireless broadband provider Vectus Inc., expanding its customer base to more than 3 million people throughout Orange, San Bernadino, Riverside and Los Angeles counties. The Camarillo-based telecommunications company, whose primary product is an unlimited internet bandwidth technology called ClearFiber, announced Tuesday that it completed its purchase of Vectus. The buyout includes the procurement of Vectus’ fixed wireless network, staff and customer base, according to Geolinks. “Geolinks has been familiar with Vectus’ robust wireless network for quite some time,” Geolinks Chief Executive Skyler Ditchfield said in a statement. “When the opportunity to officially acquire Vectus came to the table, all parties knew immediately that merging networks would be seamless from an operations standpoint.” Geolinks declined to disclose how much it paid for Vectus, though the transaction was an entirely cash and stock deal, according to a company representative. Vectus President David Saylor will join Geolinks as a board advisor, the firm said.

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