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IdeaTek Telcom secures a strategic investment from Oak Hill Capital and Pamlico Capital to enhance its infrastructure and expand its fiber network in Kansas.

Jul 08, 20255 months ago
BuhlerTelecommunications

Investors

Tpg PeppertreePamlico CapitalOak Hill Capital

Description

IdeaTek Telcom has announced a strategic investment from Oak Hill Capital and Pamlico Capital to accelerate the expansion of its fiber optic internet services across Kansas. This investment will enhance connectivity and drive economic development through job creation. Existing investor TPG Peppertree will sell its stake in IdeaTek to the new investors while also participating in the new funding. Efforts will begin in towns such as Emporia, Baxter Springs, and Wichita.

Company Information

Company

IdeaTek

Location

Buhler, Kansas, United States

About

IdeaTek Telcom is a Buhler, Kansas-based broadband service provider with the mission of "fighting for Internet Freedom." IdeaTek uses a unique and innovative approach to deploy scalable, long-term fiber-optic infrastructure, working to bridge the digital divide in Kansas communities. IdeaTek is a champion for broadband equity and is committed to enriching the communities they serve. The company was recently named to Inc. 5000's list of fastest-growing companies for the 10th time.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers