LiveOak Fiber Gains $250 Million From Investment Firm

LiveOak Fiber, which operates fiber broadband networks in Georgia and Florida, has secured $250 million from J.P. Morgan to fund its fiber network expansion in the southeastern United States. The quarter billion investment will be used to expand LiveOak’s 100% fiber broadband network in Florida, Georgia, and beyond. Founded in 2022 and headquartered in Brunswick, Georgia, LiveOak Fiber has grown quickly. Currently serving six counties in Florida and Georgia, LiveOak completed 50% of its planned network build in those states as of May 2024. The additional $250 million investment from J.P. Morgan will allow LiveOak Fiber to accelerate its network expansion efforts. In addition to the connectivity offered by fiber, this expansion will bring economic empowerment and other opportunities to new communities that are currently underserved. LiveOak also plans to enhance the fiber infrastructure in the communities it already serves.