Cityside Networks, LLC says that funds managed by SDC Capital Partners, LLC have acquired a majority interest in the company, which plans to build fiber-to-the-premise (FTTP) broadband infrastructure in Southern California.
Founded in 2021 and headquartered in Orange County, CA, Cityside aims to offer simple, affordable fiber internet service to residential and business customers in underserved markets under the Cityside Fiber brand. Cityside Fiber will deliver symmetrical internet speeds of up to 10 Gbps with whole-home WiFi service included and without hidden fees.
"We are very excited to partner with SDC to continue our deployment of citywide fiber networks that serve multiple layers of connectivity, including gigabit internet to residents and businesses," said Rod Hanson, Cityside Networks' co-founder (with Jonathan Restivo, Cityside’s CDO) and CEO. "More than just capital, SDC brings a shared vision and deep industry experience that augments our veteran management team, and together we can bring the next generation of smart infrastructure to communities throughout Southern California and beyond."
"Since late 2021, SDC has been in discussions with the Cityside team to prepare for the imminent launch of the company's products and services" said Alexander Kelloff, Partner at SDC. "The Cityside team has a long and successful track record of building and operating fiber networks in Southern California, and we are excited to be partnering with them to bring transparent, competitive internet services to California's residents and businesses."
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