[Satellite TODAY 12-28-10] Enterprise voice and data services provider TelePacific Communications has signed a definitive agreement to acquire Covad Wireless, a broadband fixed wireless carrier operating in California,
    TelePacific will gain approximately 3,500 fixed and wireless broadband business customers in California, Nevada and suburban Chicago through an all cash purchase of capital stock. The company said the acquisition aims to expand its small- and medium-sized enterprise services into the fixed wireless market with a complementary network footprint, as well as to strengthen its position as a competitor to AT&T and Verizon.
    The transaction is subject to customary closing conditions, including federal regulatory approvals.
    TelePacific will assume operations responsibility for the Covad Wireless customer base following regulatory approval and closing, expected in the first or second quarter of 2011.