GeoLinks’ acquisition of 28 GHz mmWave spectrum from Verizon

​We had the opportunity to speak with an exciting Internet Service Provider (ISP) called GeoLinks today.  Skyler Ditchfield, the CEO, shared his thoughts on the recent spectrum acquisition from Verizon and how it will change the company’s addressable market.  We think what GeoLinks has done with this spectrum acquisition is interesting because this is a medium-sized company buying spectrum from one of the world’s largest operators. The company is planning such a rapid expansion to many important broadband markets.

On March 25, 2021, GeoLinks announced that it had acquired approximately 80% of Verizon’s LMDS fixed use 29-31 GHz mmWave spectrum.  This spectrum does not include Verizon’s mmWave spectrum holdings that it uses to service mobile users, so recent iPhone models that communicate with Verizon’s mmWave will continue to work as they always have.  According to GeoLinks, this new spectrum increases its homes passed metric for residential to 90.6 million homes and businesses to 5.9 million businesses.  Markets in which it acquired spectrum include New York, Los Angeles, Chicago, Philadelphia, Dallas-Ft. Worth, Atlanta, Houston, Washington, DC, Boston, Tampa-St. Petersburg, Minneapolis-St. Paul, Detroit, Miami-Ft. Lauderdale, Charlotte, St. Louse, Raleigh-Durham and Indianapolis, among others.

With the recent spectrum acquisition, GeoLinks is expanding its footprint from a predominantly California (plus southern Nevada) to a nationwide coverage map. We asked Mr. Ditchfield what the company’s plans are for expanding to the new territories.  We learned that the company is planning a “roll-up” strategy to acquire Wireless ISPs (WISPs) and small local wireline broadband companies. As these acquisitions occur, GeoLinks plans to offer the acquired companies’ customers the new, higher-speed wireless service in the new spectrum. GeoLinks plans new rounds of financing, which may come as soon as a couple of months from now.