Fiber network services provider FiberLight recapitalizes
Fiber-optic network services provider FiberLight says it has completed a recapitalization exercise that includes $325 million in financing. The money came from what FiberLight described as “a preeminent global investment and financial services advisory firm,” that it did not further identify.
The company says it will use its new funds to enhance its dark fiber and lit fiber offerings. FiberLight operates 14,000 route miles of fiber network infrastructure that can serve 78,000 pre-qualified near-net buildings. The company operates in more than 30 metropolitan areas in the U.S., where FiberLight offers Ethernet and wave transport services, cloud connect, dedicated internet access, dark fiber, and wireless backhaul to carrier, business, government, and education customers.
The company announced $97.2 million in funding in 2013 (see "FiberLight secures funds to continue its network expansion"). FiberLight has been particularly active in Texas in recent months (see, for example, "FiberLight finishes Texas Express Route deployments").
“At FiberLight, we are driven by a core dedication to ensuring reliability for businesses, improving reach for their network solutions and enabling our partners and customers across an array of verticals,” said Jim Lynch, CEO of FiberLight. “This strategic recapitalization aligns with and supports this commitment, opening up new possibilities not only for FiberLight, but more importantly for our customers who rely on our solutions to get the results they need to be competitive and to flourish in this digital era. We’re excited to work with our new lending partner, as they understand digital infrastructure and support our next phase of company growth.”
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About the Author
Stephen Hardy
Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
You can connect with Stephen on LinkedIn as well as Twitter.