Intrepid Gets $290 Million Investment to Support Colorado, Minnesota Network Builds

Open access provider Intrepid Fiber Networks says its newly secured $290 million in debt financing will support ongoing deployments in Colorado and Minnesota. In all, more than 250,000 premises will eventually have access to Intrepid’s networks in the two states. Société Générale is structuring and acting as coordinating advisor in the transaction. Recently, Tillman Fiber said that Société Générale is part of a syndicate that will make $815 million that will accelerate its expansion in Florida. Intrepid Fiber Networks, founded in 2021, brought its open access model to Littleton, Colorado in March. The initial target market is 15,000 homes and businesses. Intrepid is already active in the Colorado communities of Pueblo, Northglenn, Westminster, Louisville, and Lafayette.