Tucows’ Ting Internet Accelerates Growth with Acquisition of Simply Bits
Strategic acquisition of established network opens new market opportunities for Ting in Arizona
TORONTO—Oct. 18, 2021— Today Tucows Inc. (NASDAQ:TCX, TSX:TC), a global provider of internet services, announced that it has signed a definitive agreement to acquire Simply Bits, the largest fixed wireless network service company based in Tucson, Arizona.
This acquisition will be made through Ting Internet, a leading fiber internet provider in the U.S. and a subsidiary of Tucows. This purchase allows Ting to quickly enter the Southern Arizona market, leverage Simply Bits’ wireless expertise, and to build off of Simply Bits’ small but growing fiber footprint.
As part of this deal, Ting will assume all of Simply Bits’ existing infrastructure and customers, adding approximately 4,500 customers, 1,100 square miles of established fixed wireless network, and a small fiber-to-the-home footprint to Ting’s portfolio. Ting will also retain Simply Bits’ employees, including senior management, with assistance and guidance from Simply Bits’ founding members.
“This acquisition marks another milestone for Ting as we move into the large and growing Arizona market. This deal allows us to leverage an existing network with significant capacity, ultimately accelerating our growth,” said Jill Szuchmacher, chief strategy officer and executive vice-president networks, Ting Internet. “By building on Simply Bits’ decades-long service in Southern Arizona, we will have a platform to introduce Ting to the broader Pima, Pinal, Santa Cruz and Cochise County communities, and the team and resources to enter the market quickly.”
Since founding in 2004, Simply Bits has grown into a leading independent provider of internet, voice and other enhanced broadband solutions in the most populated areas of Southern Arizona, including Tucson, Marana, Vail, Oro Valley, Green Valley, Rio Rico, Sahuarita and Douglas. Over the past 17 years, Simply Bits has created a sophisticated and robust network and is well-positioned to serve more than 425,000 residences as well as enterprises, educational institutions and government agencies.
“The merging of Simply Bits wireless network with Ting resources and fiber deployments will benefit our current and future customers and allow them state of the art internet delivery options,” said Bradley Feder, partner, Simply Bits. “We are excited to become part of the Tucows and Ting family, and continue to grow the business in both area and employment opportunities.”
The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2021.
Harris, Wiltshire & Grannis, LLP served as legal counsel to Tucows in connection with the transaction. Cowen and Company, LLC served as exclusive financial advisor to Simply Bits in the transaction and Morgan, Lewis & Bockius, LLP served as legal counsel. To learn more about Ting Internet, its services, or the areas in which it operates, please visit ting.com/internet.
About Simply Bits:
Simply Bits, headquartered in Tucson, Arizona is committed to creating Southern Arizona’s best wired and wireless network for delivery of Internet access, voice, fax and other enhanced broadband applications and solutions. This sophisticated network allows Simply Bits to serve residences as well as small, medium, and large businesses, educational institutions, and government agencies. Our customer base represents diverse industries including healthcare, financial, legal, insurance, automotive, hospitality, real estate and more. More information can be found on Simply Bits website: www.SimplyBits.com
Tucows is a provider of network access, mobile technology services, domain names, and other internet services. Ting Internet delivers fixed fiber internet access with outstanding customer support. Tucows’ mobile services enabler (MSE) platform provides network access, provisioning, and billing services for mobile virtual network operators (MVNOs). OpenSRS, Enom, and Ascio combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 36,000 web hosts and ISPs. Hover makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website: https://tucows.com.
Tucows, Ting, OpenSRS, Enom, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
About Ting Fiber Inc.:
Ting Internet provides Crazy Fast Fiber Internet® in select U.S. towns and cities. Ting is committed to net neutrality and the Open Internet. More than that, Ting Internet is committed to being a part of improving the communities it serves by supporting and championing local good works. Ting Internet sponsors local programs, events, foundations, festivals, charities, and public services everywhere we go, investing in the future of the towns we serve.
Tucows adds registry platform technology and veteran talent from UNR Corp.
TORONTO—Oct. 1, 2021— Today Tucows (NASDAQ: TCX, TSX: TC), the world’s largest wholesale domain registrar, announced that it has purchased UNR Corp.’s registry platform service. This newly added platform technology will complement Tucows’ existing reseller and retail domain services.In addition to acquiring UNR’s registry platform service, Tucows will add 10 veteran industry experts to the company. With over 150 years of combined experience, these expert engineers and business leaders will be vital additions to Tucows’ expanding team.
“A critical piece of this deal with UNR is the ability to welcome their technical team to Tucows,” said David Woroch, Executive Vice President at Tucows. “With experience spanning over two decades, they are a very strong team with deep competency in the domain name industry. They have built and operated multiple domain and DNS platforms, and we intend to leverage and integrate their expertise across all of our domain business.”
“While I am slowly getting out of the industry, it’s important to me to know that my businesses are being left in the best hands,” said Frank Schilling, CEO and founder of UNR Corp. “Over the past 20 years it’s been an honour to work with Tucows and I’m thrilled to see our registry platform and technical team join their company.”
This asset agreement was signed and is effective as of October 1, 2021, with certain ICANN approvals expected in the normal course of business.
For more information on Tucows, please visit tucows.com.
Tucows is a provider of network access, mobile technology services, domain names, and other internet services. Ting Internet delivers fixed fiber internet access with outstanding customer support. Tucows’ mobile services enabler (MSE) platform provides network access, provisioning, and billing services for mobile virtual network operators (MVNOs). OpenSRS, Enom, and Ascio combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 36,000 web hosts and ISPs. Hover makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website: https://tucows.com. Tucows, Ting, OpenSRS, Enom, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
About UNR Corp.
UNR was founded in 2012 by Internet pioneer Frank Schilling who wanted to help every company succeed by marketing products and services with the right domain name. UNR’s innovative and holistic approach to the domain industry led to the in-house development of one of the most advanced Registry platforms. The platform was key to the growth of the company’s own portfolio of over 20 Top Level Domains. After a successful decade, Schilling decided to move the industry forward for the next generation of participants by setting up a one-of-a-kind auction event where the TLDs changed hands, and continue to grow and innovate. Going forward, UNR will use its marketing and policy experience to provide bespoke consultancy services to existing and future TLDs.