Doubled revenues during Summit's investment
Expanded wireless roaming networks from 9 to 14 states
Acquired by Atlantic Tele-Network
Brian Schuchman began Commnet Wireless by building and operating the wireless networks of spectrum lottery winners, eventually securing roaming agreements with virtually every U.S.-based wireless provider including AT&T Wireless, T-Mobile and Verizon. To accelerate the company’s growth rate and penetrate new markets, Commnet sought outside capital to help fund the build-out of a GSM network.
How Summit helped:
- Worked with Commnet to develop analyses that focused the company on maximizing growth in core markets, while exiting less profitable ones
- Helped recruit industry veterans as President, COO and CTO
- Assisted in expanding voice and data networks to rural areas in 14 states
- Managed the company’s merger with Atlantic Tele-Network, helping Commnet stay focused on running the business
Commnet merged with Atlantic Tele-Network in an all-cash transaction in 2005. Today, Commnet continues to connect rural America with affordable, carrier-grade wireless networks. Commnet operates as a subsidiary of Atlantic Tele-Network, and Brian Schuchman serves as a board member.