Covad snags NextWeb

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October 05, 2005

Covad snags NextWeb

Steve Rosenbush

Covad said this morning that yes, it will acquire NextWeb for about $25 million. The deal will add about $10 million in revenue, not to mention wireless broadband networks in California.

For more on wireless broadband, please see my story on WiMax, which is available today at BusinessWeek Online. People have been talking about the potential of wireless broadband for years. But after many failed attempts, I think its time has come. What do you think?

04:02 PM

M&A

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