WeLink, a fixed-wireless broadband provider, has raised $185 million investment from Digital Alpha Advisors to expand to new markets across the United States.
WeLink provides broadband to homes and businesses at up to gigabit speeds.
“More than 77 percent of US consumers have only one choice of broadband provider when they want internet access speeds faster than 100 Mbps,” said Kevin Ross, CEO of WeLink, in a statement.
“WeLink is addressing this challenge by expanding our fixed-wireless broadband solution to new markets, giving consumers greater freedom of choice in broadband access scaling to gigabit speeds,” Kevin Ross said.
WeLink, founded in 2018 by wireless industry veterans Kevin Ross and Ahsan Naim, delivers broadband internet to homes and businesses using a fixed-wireless approach that is quicker and less expensive to deploy than traditional fiber-to-the-home.
WeLink extends the reach of fiber into residential and commercial areas using the latest advances in millimeter wave (mmWave) technology, 802.11ay silicon, and modern network routing approaches such as Open/R to deliver quality of experience.
The funding will enable WeLink to accelerate its plans to grow its current footprint in the Las Vegas metro area and also to expand into two additional metro areas, Phoenix and Tucson, Arizona, in Q2 2021, with seven additional markets slated for future launches. the broadband service provider said.
Digital Alpha’s investment also enables new partnership opportunities with Cisco, one of Digital Alpha’s key partners.
“We’re thrilled to take this next step with WeLink to enable the future of fixed-wireless broadband,” said John Chapman, Cisco Fellow and CTO, Cisco’s Broadband business. “Their approach of using fixed-wireless to provide high-speed broadband internet access helps to drive digital transformation and accelerate an inclusive future for all.”