Xplornet acquires RipNET in Eastern Ontario
New Brunswick’s Xplornet Communications Inc. today announced the immediate acquisition of RipNET Limited.
Located in the Brockville region, RipNET is an Internet service provider that operates in the eastern Ontario region that extends from Manotick to Gananoque, and as far north as Perth.
In addition to its dial-up and DSL users, RipNET also operates a fixed wireless broadband networks using 3.5GHz licensed spectrum to deliver internet service to areas where other types of broadband services are not available.
Xplornet CEO John Maduri says the acquisition will increase his company’s fixed wireless broadband footprint in Eastern Ontario and is complementary to the work Xplornet is doing to roll out 4G wireless and satellite broadband in region over the next year.
RipNET was founded in 1994 as an arm of The Brockville Recorder and Times, a daily newspaper serving Brockville. In April 2002, the firm was purchased by Kingsley and Hunter Grant who have operated the company until the acquisition. [via digitalhome]