"The amount of the investment wasn't disclosed, though the Gigabit Fiber press release said the Blue Owl Capital funds would help the company "address the burgeoning demand for fiber connectivity across hyperscale data centers and other use cases driven by AI and cloud." Gigabit Fiber owns and operates approximately 500 route miles of conduit with high-count fiber networks connecting more than 50 data centers across its network, with a presence in the Dallas-Fort Worth Metroplex, Austin, El Paso, San Antonio, and South Texas."
"According to the announcement, the Blue Owl investment will help Gigabit Fiber increase and deepen its footprint across Texas and New Mexico. "We are excited to welcome Blue Owl into our 25-year partnership and look forward to leveraging their expertise and capital to accelerate our growth and expand our network reach," Gigabit Fiber chairman and CEO Tom Spackman said in a prepared statement."
Blue Owl Capital funds made a majority investment in Gigabit Fiber, with the investment amount not disclosed. The funding is intended to address growing demand for fiber connectivity across hyperscale data centers and AI- and cloud-driven use cases. Gigabit Fiber owns roughly 500 route miles of conduit and high-count fiber connecting more than 50 data centers, with presence in the Dallas–Fort Worth Metroplex, Austin, El Paso, San Antonio, and South Texas. The investment will support network expansion across Texas and New Mexico. Blue Owl also recently acquired Intermetro Fiber (South Reach Networks), a 370-mile Florida fiber network connecting about 40 facilities.
Read at Telecompetitor
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