Access Media 3
Offering a superior portfolio of Internet, television and voice services for multi-dwelling units & residences. For customer service, Tweet @Ask_AM3..
| Date | Investors | Amount | Round |
|---|---|---|---|
$30.0m | Late VC | ||
| Total Funding | 000k | ||
Access Media 3 (AM3), based in Oak Brook, Illinois, operates as a specialized provider of telecommunication solutions for the multi-dwelling unit (MDU) market, which includes apartment buildings, condominium associations, student housing, and retirement communities. The company was established in January 2007 by Scott Rediger through a merger with MDI Access. Rediger, serving as CEO, brought significant telecom experience to the venture, having previously co-founded and sold Ovation Communications for $402 million in 1999.
AM3's core business revolves around designing, installing, and managing bundled media services. It provides customized packages of high-speed internet, DIRECTV television, and Voice over IP (VoIP) telephone services. The company's business model focuses on establishing direct partnerships with property owners and managers to create tailored solutions, offering a level of flexibility not typically seen from larger incumbent providers. This approach allows properties to offer competitive amenities to their residents. Revenue is generated through multi-year contracts for these bundled services.
A key element of AM3's history is its aggressive growth-through-acquisition strategy, which significantly expanded its market presence across the United States. Starting with the acquisition of Tunnel Vision Technology's satellite assets in 2007, the company executed a series of purchases, including inVision Networks and SkyPix LLC in 2008, and later, MDU Communications in 2013, which positioned AM3 as one of the largest private cable operators in the country at the time. This expansion was supported by substantial funding from private equity firms such as Meritage Funds, WP Global Partners, Petra Capital Partners, and ORIX Venture Finance, totaling over $36 million in disclosed rounds. In 2017, the company launched the UpStream Network, a fiber-based broadband platform designed to deliver gigabit-speed internet and unbundled TV content options to the MDU market.
Keywords: telecommunications, multi-dwelling unit, MDU provider, bundled media services, property technology, private cable operator, high-speed internet, DIRECTV partner, VoIP services, student housing internet, condominium internet, apartment internet, Scott Rediger, telecom acquisitions, property management solutions, fiber-based broadband, UpStream Network, triple-play services, bulk internet provider, managed WiFi