Day: July 7, 2023

Business

A Sustainable Shift: Industry Expert Rodrigo Garcia Unveils Its Rise and Power On Corporate Financial Decision-Making

by CEO Weekly Staff

July 7, 2023

Image Commercially Licensed From: Unsplash Corporate sustainability refers to a business approach that seeks to create long-term value for the ...

Business

GeoLinks Leverages Investment from JLC Infrastructure to Pioneer America’s Broadband Frontier

by CEO Weekly Staff

July 7, 2023

Image Commercially Licensed From: Unsplash A bold venture between GeoLinks, a top-tier telecommunications company based in California, and JLC Infrastructure—an ...

Image Commercially Licensed From: Unsplash

A bold venture between GeoLinks, a top-tier telecommunications company based in California, and JLC Infrastructure—an asset management firm backed by the renowned duo Earvin "Magic" Johnson and Jim Reynolds Jr.—is set to propel the nationwide expansion of high-speed broadband connectivity. This strategic partnership, solidified by a minority investment from JLC Infrastructure, brings much-needed resources to bear in the quest to close the pervasive digital divide in American urban and rural communities. Leveraging its award-winning ClearFiber™ technology and boasting the most extensive gigabit capable fixed wireless spectrum footprint in the U.S., GeoLinks is uniquely positioned to make a real difference in this arena. Co-founder and CEO of GeoLinks, Skyler Ditchfield, expressed his enthusiasm for the partnership, "Joining the JLC portfolio of investments places us in league with some of the nation's most significant infrastructure partners and projects. We eagerly anticipate utilizing the expertise and resources of JLC Infrastructure and its outstanding team to reinforce our position as a key player in the telecommunications industry and elevate broadband accessibility for all." GeoLinks, the leading holder of Fixed Wireless Licensed Spectrum in the 29/31 GHz band, oversees over 84 billion+ Pops/Mhz, spanning the nation. JLC's investment promises to open up new avenues for growth and development, enhancing GeoLinks’ capabilities to serve customers nationwide and compete for numerous national projects. In this competitive arena, which involves equal parts politics and technology, JLC’s relationships across various state, federal, and financial circles will be a major asset for securing awards. Working in harmony with the support from GeoLinks’ first independent investor, Rock Mountain Capital, JLC's financial backing will boost GeoLinks' efforts to extend their significant spectrum footprint. This means the delivery of broadband services to urban and rural communities, businesses, and government institutions will expand beyond their current footprint in California, Nevada, and Arizona. Marlon Smith, the Managing Director of JLC Infrastructure, praised GeoLinks' potential, saying, "Over the last twelve years, GeoLinks has assembled a unique combination of assets, enabling it to effectively address critical communication needs. JLC is excited to partner with the GeoLinks team and looks forward to supporting the company's continued growth and mission of delivering high-quality broadband service to customers in underserved markets across the U.S." This pivotal partnership between GeoLinks and JLC Infrastructure comes as a crucial step in bridging the digital divide, signifying a significant stride towards a connected, inclusive future. With Bank Street Group LLC serving as the exclusive financial advisor and Kirkland & Ellis LLP as the legal advisor to GeoLinks, the stage is set for this groundbreaking alliance. GeoLinks, a leader in enterprise-level telecommunications, is a game-changer. Trusted with critical projects yet remaining nimble, the company constantly works towards eliminating the digital divide. Most disruptive is its ClearFiber™ technology, which, when coupled with its unrivaled fixed wireless spectrum footprint, brings enterprise-grade dedicated internet access to communities, businesses, and municipalities across the nation. Founded in 2015 by Loop Capital and Magic Johnson Enterprises, JLC Infrastructure is an investment and asset management firm concentrating on the transportation, communications, energy, utilities, and social infrastructure sectors in North America. As of March 31, 2023, it boasts $1.5 billion of Assets Under Management. This partnership signifies not only a step forward for GeoLinks, but a giant leap for the broadband industry as a whole. The path to nationwide connectivity is clearer than ever, and with the combined strength of GeoLinks and JLC Infrastructure, that path will become a reality.

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