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Case Study:

Commnet Wireless

“Summit became a key part of our core decision-making team. Their perspective and support allowed us to move very quickly and opportunistically.”

Brian Schuchman, Founder

Location:
Atlanta, GA
Leadership:

Brian Schuchman
Founded in:
2000
invested in:
2003
Status:

Acquired by Atlantic Tele-Network 2005
Case Study:

Commnet Wireless

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.