INDIANAPOLIS, Dec. 5, 2012 /PRNewswire/ -- Broadband Networks is now the owner of Rushville-based Omnicity, Incorporated, a wireless broadband Internet service provider with subscribers in 30 counties in Indiana and nine counties in Ohio.
Omnicity, Incorporated filed for Chapter 11 bankruptcy protection on Sept. 29, 2011, with the U.S. Bankruptcy Court in the Southern District of Indiana. A reorganization plan was approved, and ownership was transferred to Broadband Networks. The new owners have more than 100 years of collective experience in companies providing high-tech and Internet services.
"Broadband Network's acquisition of Omnicity Incorporated saves a payroll of more than $1.75 million annually in Indiana and Ohio, with the majority of employees in Rush County," said Broadband Networks Principal Buz Nesbit. "We now look to improve Omnicity with a new management team, new operating capital and plans for improved equipment and technology. Future developments by Omnicity will continue to positively impact the economic status of rural counties in Indiana and Ohio."
The new Omnicity, a Broadband Networks Company, will provide wireless high-speed Internet service to rural America. It is a new beginning for Internet services outside major cities, building strength in rural communities.
"We want to emphasize a change for the better with the new Omnicity," said Broadband Networks Principal Dave Bash. "Omnicity has come out of bankruptcy, just like other companies in this country, as a stronger company with a more focused emphasis on customer needs and service. Omnicity will provide a much-needed service to rural areas throughout Indiana and Ohio and bridge the digital divide with state-of-the-art technology."
The Broadband Networks team has a goal to provide better service and support, faster speed, more reliability, larger coverage areas and exciting products for the future. The Omnicity mission is to serve as many customers as possible while remaining committed to using the best technology to improve the customer experience.
"We will continue to bring broadband to the Heartland in the most efficient and cost-effective ways possible," Bash said. The Omnicity coverage area includes northern and central Indiana as well as central and eastern Ohio.
Omnicity plans to begin an aggressive expansion to serve more customers as fast as possible, adding to their existing base of more than 5,000 Internet and medical care subscribers in Indiana and Ohio.
Coles Marketing Communications
SOURCE Broadband Networks