Fundz

Altafiber Raises $600 Million For Continued Fiber Network Expansion

PRIVATEAug 29, 2023

Amount Raised

$600 Million

Round Type

Funding Round

CincinnatiOtherInformation TechnologyInternet ServicesTelecommunications

Description

altafiber announced today that it has raised $600 million in new funding to support the continued construction of the Company’s fiber networks throughout incumbent and expansion markets in Ohio, Kentucky, Indiana, and Hawaii. In addition to continuing to upgrade its current footprint, these new funds will enable altafiber to expand its opportunistic edge-out and community partnership strategy, delivering on its mission to provide individuals and businesses with the fastest, most reliable, future-proof fiber network while maintaining its commitment to the communities it serves.

Quick answer

altafiber raised $600 Million in a Funding Round round, dated August 29, 2023. altafiber is based in Cincinnati, Ohio, United States.

How much did altafiber raise?
altafiber raised $600 Million in a Funding Round round on August 29, 2023.
What does altafiber do?
Cincinnati Bell is now doing business as “altafiber” in Ohio, Kentucky, and Indiana.
Where is altafiber based and how big is it?
altafiber is based in Cincinnati, Ohio, United States. Fundz records about 2,299 employees.
Who are the decision-makers at altafiber?
Fundz holds 1 contact at altafiber. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Internet Services and Telecommunications around the same time

Companies in the same sectors as altafiber that raised within 45 days of this round, from Fundz verified event records.

  • Wytec International raised $100M on October 4, 2023.
  • Fuze raised $14M (Seed) on September 20, 2023.
  • EdgeConneX® raised $404M (Funding Round) on September 13, 2023.
  • Prisma Photonics raised $20M (Funding Round) on September 13, 2023.
  • MobileX raised $519K (Seed) on August 31, 2023.
  • Deepset raised $30M (Funding Round) on August 9, 2023.

Who to call at altafiber, and when

A new round usually means altafiber is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

altafiber

Location

Cincinnati, Ohio, United States

About

Cincinnati Bell is now doing business as “altafiber” in Ohio, Kentucky, and Indiana. The Company delivers integrated communications solutions to residential and business customers over its fiber-optic network including high-speed internet, video, voice and data. The Company also provides service in Hawaii under the brand Hawaiian Telcom. In total, altafiber can deliver gigabit Internet to more than 1 million addresses in the territories it serves.

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altafiber raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.