Skywire Raises Funding, Takes Aim at the Rest of NYC

September 12th, 2017 by · Leave a Comment

New York City is going to have some more fixed wireless competition going forward.  Skywire Networks has landed $23M in financing from Metropolitan Partners Group as part of an effort to greatly expand its list of on-net buildings, which currently stands at 400.

Skywire will be taking aim at commercial buildings in underserved parts of the city that don't get as much fiber attention as those iconic high-rises in downtown and midtown Manhattan.  Their planned coverage area includes all of Brooklyn and parts of Manhattan, Queens, and the Bronx.  The company says that in Brooklyn less than 5% of commercial buildings are connected with fiber.

Fixed wireless has been getting more attention lately as the underlying technologies improve both in terms of bandwidth and cost.  The rollout of backhaul networks for small cells and overall higher-density cell networks hasn't hurt much either.  Skywire Networks is a division of Xchange Telecom.

Categories: Financials · Wireless

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