LS Networks has entered into an agreement to acquire PocketiNet Communications Inc., a residential internet, phone and Wi-Fi service provider, for an undisclosed price. The deal is expected to close in the second half of 2023.
For the time being, the two carriers will continue operations under their respective brands. The partnership signifies LS Networks’ entry into the residential market. The company will serve rural communities across the Pacific Northwest.
PocketiNet has served as a local ISP in Southeast Washington and parts of Northeast Oregon since 2000. With 7,000 route miles of fiber, LS Networks operates a network across the Pacific Northwest, serving primarily business and wholesale markets.
“PocketiNet has always focused on extending high-quality and affordable internet services to the rural communities we serve. Our company plays a critical role in connecting Americans to their jobs, schools, and families through exceptional local and caring customer support,” said Todd Brandenburg, PocketiNet Communications Inc. president and CEO, in a prepared statement. “We are delighted to be joining forces with LS Networks, increasing our capacity with leading-edge fiber to the home and fixed wireless technologies, doubling down on our commitment to customers and expanding our reach across the rural Pacific Northwest to build stronger, more connected communities.”
As part of the acquisition agreement, PocketiNet will immediately expand its fiber-to-the-home services in its existing communities of Walla Walla, College Place, Yakima, Milton Freewater and Waitsburg, as well as Pasco, Sunnyside, Grandview, Prosser, Toppenish, Wapato, and Zillah. The initial investment will reach over 32,000 homes in Yakima, Benton, and Walla Walla counties.
“Today is an important day,” said Randy Brogle, LS Networks CEO, in a prepared statement. “We believe every person deserves access to reliable internet. With the addition of PocketiNet’s platform and experienced team, we can seamlessly extend our business and residential network across the Pacific Northwest, connecting communities and helping to bridge the digital divide.”