Ritter Communications secured $590 million in a debt refinancing led by Fifth Third Bank to support its network expansion initiatives.
Amount Raised
$590 Million
Round Type
Funding Round
JonesboroInformation TechnologyHardwareInvestors
Description
Ritter Communications has announced an upsized $590 million debt refinance to continue its rapid expansion of RightFiber, the company’s fiber broadband service. This funding will enable strategic expansions into new markets, including Fort Smith and Texarkana in Arkansas.
Quick answer
Ritter Communications raised $590 Million in a Funding Round round, dated November 13, 2024. Investors: Fifth Third Bank. Ritter Communications is based in Jonesboro, Arkansas, United States.
- How much did Ritter Communications raise?
- Ritter Communications raised $590 Million in a Funding Round round on November 13, 2024.
- Who invested in Ritter Communications?
- Fifth Third Bank is named as investors in this round.
- What does Ritter Communications do?
- Ritter Communications has been providing telecommunications services since 1906.
- Where is Ritter Communications based and how big is it?
- Ritter Communications is based in Jonesboro, Arkansas, United States. Fundz records about 460 employees.
- Who are the decision-makers at Ritter Communications?
- Fundz holds 3 contacts at Ritter Communications, including the Director of Technical Operations. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Hardware around the same time
Companies in the same sectors as Ritter Communications that raised within 45 days of this round, from Fundz verified event records.
- Genesis Systems raised $25M on December 28, 2024.
- RenoFi raised $1.5M (Seed) on December 27, 2024.
- RenoFi raised $12M on December 27, 2024.
- Parkervision raised $5M on December 24, 2024.
- Terawave raised $30M on December 20, 2024.
- Sidus Space raised $14M on December 17, 2024.
Who to call at Ritter Communications, and when
A new round usually means Ritter Communications is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ritter Communications raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ritter Communications, from your own LinkedIn network
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Related People
Ritter Communications 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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