Due to historic spending on broadband networks to service the un- and underserved, fiber suppliers have additionally attracted large cash from buyers and personal fairness corporations—elevating points for enterprise IT.
Simply final month, Boston-based Berkshire Companions, a diversified non-public fairness agency, introduced a large funding in Level Broadband Fiber Holding LLC. The Opelika, Ala. agency supplies fiber-to-the-premise web providers to 75,000 houses and companies in small cities and rural markets in 9 states.
Level Broadband has beforehand attracted funding from GTCR, a non-public fairness agency, which made a strategic funding within the enterprise in 2021. Since then, the six-year-old service claims it added over 100,000 extra fiber passings and entered two new states.
