AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Local energy firm gives telecom company $25 million boost
Grande Communications Inc. is getting energized: Houston's Reliant Energy Ventures Inc. has pumped $25 million into the San Marcos company, with an option for another $25 million by the end of the year.
With a commitment from Reliant for further financing, Grande is well on its way toward more than $100 million in financing it expects to close from new and current investors by the end of this year, says Bill Morrow, CEO and founder of Grande.
Grande made Texas history this year with one of the largest funding rounds statewide, which totaled $230 million. The company will provide high-speed …