Private equity

Great Plains Communications is undertaking significant network rollouts across the Midwest, announcing earlier in August 2023 that it will build fiber in 16 new urban and rural communities in Nebraska. CEO Todd Foje said these markets are all areas where Great Plains will upgrade its broadband services with fiber, with construction slated to start by late fall 2023. Some of the expansion markets are in the Omaha metro area, such as Gretna, La Vista, Papillion, and Ralston, while others are considered “small

Fixed wireless access (FWA) provider Starry Group Holdings has emerged from Chapter 11 bankruptcy as a smaller, more narrowly focused privately held company. The implementation of Starry’s reorganization plan completes a process that began in February 2023 when the company filed voluntary petitions for bankruptcy in the US Bankruptcy Court for the District of Delaware and entered into a restructuring support agreement with lenders hold

Wall Street is churning out billions of dollars in complex bonds to bankroll construction of broadband fiber-optic networks, part of a nationwide push to widen high-speed internet access. Telecommunications companies have already sold more than triple the number of so-called fiber bonds they borrowed in all of 2022.

Great Plains Communications is one of a growing number of tier 2 and 3 providers with long-term roots that has been acquired by an investment firm, a move that has helped the company expand rapidly.

Private equity firm Friedman Capital is looking to scoop up as many as 20 small broadband providers across the Southeastern Sunbelt region in the US, aiming to build a sizable competitor capable of bringing better broadband to parts of the country experiencing rapid population growth. Friedman Capital launched a new strategic investment fund to fuel its plan, aiming to secure $250 million in capital commitments.

Representatives for T-Mobile and Ka’ ena Corporation met with Federal Communications Commission officials to argue why T-Mobile should be able to acquire Mint Mobile and Ultra Mobile from Ka’ ena. According to a June 5 , 2023 filing with the FCC, T-Mobile presented a PowerPoint spelling out why the transaction will not harm the competition or consumers.

Windstream will walk away from its Chapter 11 bankruptcy for good following a decision from the Federal Communications Commission to waive a rule that prohibits US telecommunications carriers from having more than 25% ownership by foreign companies. The FCC waiver is the final stamp of approval for Windstream’s plan of reorganization, for which the Bankruptcy Court gave the go-ahead in June 2020.

Private equity (PE) money has been flooding into the broadband market over the past two years. Everywhere you look, someone has a PE partner of some kind.

WIA Connect(X) show panelists were asked if there is a magic number that developers should target for the cost per home passed with fiber. Beth Hoffman, managing director with Berkshire Partners, said that a lot of it depends on the density of the market. The cost per home passed in a dense city like San Francisco (CA) could be as low as $700.

North Carolina-based broadband provider Brightspeed has caught the eye of Abu Dhabi sovereign investor Mubadala, which will invest $500 million into the operator. The investment, subject to regulatory approvals and conditions, would make Mubadala a minority shareholder alongside Apollo Global Management, Brightspeed’s parent company.