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Intrepid Fiber Networks Secures $290 Million in Debt Financing to Support Nationwide Wholesale Open Access Fiber Broadband Service

Jul 18, 2024•almost 2 years ago

Contract Type

partnership

ColoradoSoftware

Description

Intrepid Fiber Networks has secured $290 million in debt financing to accelerate its growth and support its inaugural deployments in Colorado and Minnesota, providing symmetrical gigabit speed to meet end users’ broadband needs. The partnership with Société Générale as Structuring and Coordinating Advisor reinforces Intrepid's commitment to delivering future-proof fiber networks and expanding its open access model nationwide.

Company Information

Company

Network assets in Thornton and Greenwood Village

Location

Colorado, United States

About

The network assets being acquired enable Intrepid Fiber to expand its services significantly. This acquisition will enhance connectivity in the local area. It will bring over 65,000 passings once the deployments are complete. The existing providers will continue to serve the residents during the transition.

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