Ripple Fiber Agrees to Acquire BridgeNET Fiber, Strengthening Its North Carolina Footprint
Ripple Fiber, a rapidly expanding fiber optic network builder and operator headquartered in Charlotte, North Carolina, has agreed to acquire BridgeNET Fiber. Ripple Fiber is partnering with BridgeNET’s ownership team to expand the network throughout Statesville, North Carolina, where the provider is headquartered. BridgeNET will continue to operate the market and will be empowered with the capital and a toolset to support rapid expansion. This transaction embodies a new approach to augment Ripple Fiber’s expansion strategy, creating partnerships with entrepreneurs and network owner-operators across the country that intentionally mirror Ripple Fiber’s ethos.
Ripple Fiber Expands Debt Capacity to $350 Million to Fuel Nationwide Fiber Network Growth
Ripple Fiber, a Charlotte-based provider of high-speed fiber internet services, announced today it has secured a significant expansion of its existing credit facility to $350 million. Led and arranged by Post Road Group, the upsized agreement is a significant increase in the company’s debt capacity and a vote of confidence, providing substantial resources to support Ripple Fiber’s accelerated network deployment across the United States.
Ripple Fiber Invests Over $140 Million to Expand Fiber Internet Access in Massachusetts
Ripple Fiber, a fiber optic internet provider based in the Southeast, announces its plans to enter Massachusetts, marking the company’s network expansion into the Northeast. With plans to start construction this spring beginning in Holden and West Boylston, the provider aims to begin launching service by mid-2025, while actively launching expansion markets throughout the state. The anticipated investment for the first phase of this project totals over $140 million.
Ripple Fiber Announces the Expansion of Its Fiber Internet Footprint into Michigan
Ripple Fiber, a fiber optic internet provider based in the Southeast, announces plans to move into the Michigan market after receiving support from local officials to move forward with an expansive build. Ripple Fiber anticipates the start of construction to take place in the coming months and aims to begin launching service for over 60,000 Wayne County residents by 2025, while continuing to actively explore expansion opportunities in the surrounding area. This milestone marks Ripple Fiber’s entrance into the Midwest region.
Ripple Fiber Secures Partnership with Leading Infrastructure Debt Fund to Accelerate Fiber Optic Network Deployment Across the Nation
Ripple Fiber, a fiber optic internet provider based in Charlotte, North Carolina, announces its partnership with Post Road Group, an alternative investment firm focused on digital infrastructure and real estate. With assistance from its platform holding company, Glass Routes, and sister entity, HyperFiber, this transaction will play a pivotal role in the rapid expansion of multiple networks, providing capital for deployment to over 400,000 homes by December 2025. Houlihan Lokey acted as the exclusive financial advisor and placement agent, with Platform Investment Partners as a key sponsor.
