Wireless Partners Secures Financing Approval from the Finance Authority of Maine

Wireless Partners progresses to bring 4G LTE cellular services to Washington and East Hancock Counties, Maine

Wireless Partners, LLC, a Maine based veteran owned company that designs, builds, owns and operates Enhanced 4G LTE Cellular networks was awarded financing approval for a $3.4 million dollar loan. The financing insures 95% of the total project with Mechanics Savings Bank as the lender and Finance Authority of Maine as the insurer. $1 million dollars in new capital contributions were made by the Wireless Partners for the enhanced 4G LTE network in both Washington and East Hancock counties under contract with Verizon Wireless as the 21st LRA partner in the United States.

“This project will make it possible for people Downeast to have high quality cell service as they would in any major market throughout the U.S.  We are pleased to be partnering with FAME and Mechanics Savings Bank on this important project,” said Bob Parsloe, President & CEO of Wireless Partners. “This approval had tremendous community support from residents, businesses and community leaders who feel good connectivity is a vital business and safety necessity. I can’t thank the folks of Downeast Maine enough for their letters for this project to FAME. ”

This funding along with recent Pinetree Development Zone certification moves forward the effort to enhance service to currently underserved populations and improve the cellular network capabilities for existing Verizon Wireless customers in rural Eastern Hancock and Washington counties.

In the first phase, Wireless Partners is building out 32 new sites of Verizon 4G LTE coverage. 13 of the sites will be located on newly constructed tower structures that will deliver 4G LTE service to populations that have never before had contiguous coverage of true carrier grade high speed wireless broadband Internet and voice service. The sites will be concentrated along the Rt. 1 corridor between Ellsworth and Calais, and the Rt. 9 corridor (known locally as the Airline Road) Calais to Aurora.

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