will be expanding its wireless broadband presence in Arizona through the acquisition of certain business assets from MetroBridge Networks. Under the terms of the newly signed definitive agreement, Sparkplug will acquire MetroBridge's assets operating in Phoenix, Ariz., including all customer contracts, network infrastructure and related assets. This acquisition will contribute immediate positive EBITDA to the company and provide deeper coverage in Mesa and South Phoenix. It will also increase Sparkplug's Points of Presence in the Valley by 33 percent and bolster its customer base by 13%.
The acquisition is expected to close by the end of second quarter 2010, contingent upon customary conditions.
MetroBridge’s Phoenix customers can expect the same enterprise-grade wireless broadband service delivery, plus new-to-market hosted VoIP, IP trunking solutions and Sparkplug’s newly available bundled packages.