SureWest Communications will sell its fixed wireless Internet access unit to Reno-based Yonder Media, officials announced.
Details of the transaction were not disclosed, but SureWest officials said the proceeds will help fuel the company’s continuing growth in its broadband sector.
The Roseville-based company has been peeling off what it calls non-core assets for several years, from its directory publishing and wireless businesses to its wireless towers, as it focuses on its Sacramento and Kansas City broadband markets.
Officials at Yonder Media, which provides broadband Internet access to rural communities across the West, called the sale a key milestone in its plans to expand its reach in California.
Shares of SureWest stock closed up a penny at $12.57 Tuesday in trading on the Nasdaq market.
– Darrell Smith