LOGIX Fiber Networks receives $100 million funding for Texas fiber network growth

May 17, 2022
The fiber network services provider says it will use the money to expand its capabilities and refinance part of its senior debt.

LOGIX Fiber Networks, which bills itself as the largest independent fiber provider in Texas, says it has received $100 million in capital commitments from Astra Capital Management and funds managed by O’Connor Capital Solutions, the private credit unit of UBS O’Connor LLC. The fiber network services provider says it will use the money to expand its capabilities and refinance part of its senior debt.

LOGIX currently operates more than 7,000 route miles and nearly 300,000 fiber miles in and between the Dallas-Fort Worth, Austin, San Antonio, and Houston (DASH) markets (see "LOGIX Fiber Networks touts Texas fiber-optic network reach"). It uses this network to support the needs of enterprises and carriers. LOGIX expects to use much of the new funding to support network build and “cost rationalization” programs, including 5G wireless backhaul services, data center support, and increased penetration of owned fiber network services.

“We are excited about the growth platform we’ve created and look forward to this new phase in our evolution,” commented Craig Collins, LOGIX’s CEO. “This is a critical step in aggressively building upon LOGIX’s reputation as the premier business fiber provider in Texas and this commitment will help us to continue growing our enterprise and carrier fiber network, expand into new markets, serve more customers, and create value for all stakeholders.”

“We believe the Texas market is poised for explosive growth in broadband and are excited to help LOGIX and its partners provide these essential services,” added Mark Johnson, managing partner at Astra.

“We are thrilled to be supporting LOGIX at a time when the platform is pursuing several exciting growth opportunities across its customer segments,” said Greg Najarian, executive director at O’Connor Capital Solutions.

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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.

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