The Kirkland-based telecommunications firm named by Tacoma Public Utilities as a possible operator for its Click! Network has secured approximately $130 million for future expansion.
Wave, a gigabit fiber and broadband company, announced today that its corporate bond sale led by Deutsche Bank and supported by Wells Fargo and two other international banking units, will provide for expanding its fiber network that now serves from northern California to the Canadian border.
The expansion specifies extending gig-E network to reach an additional 10,000-plus residents in Seattle, San Francisco and other markets this year and beyond.
“This furthers our commitment to provide business clients with carrier-class service, and residential customers with the fastest internet speeds at a great price, all backed by exceptional local customer service,” said Steve Weed, Wave founder and CEO.
He said his business is uniquely positioned to deliver services as a local, profitable and fast-growing company with more than a decade’s history, 1,000+ employees and annual revenue in excess of $350 million. Wave was formed in 2002.