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Altafiber Raises $600 Million For Continued Fiber Network Expansion

Aug 29, 2023over 2 years ago

Amount Raised

$600 Million

CincinnatiTelecommunications

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.

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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Funding Insights

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