Meridiam rides fiber train in Alabama with $230 million investment

Alabama is getting a major open access fiber boost via private investment. Meridiam, an infrastructure investment firm, is kicking off a $230 million project to build an open access network that will reach 17 Alabama cities, including Selma and Demopolis. It aims to eventually cover 53,000 homes and businesses in partnership with Yellowhammer Networks, a fiber-to-the-premises network developer that’s financed by Meridiam. This is far from Meridiam’s first time riding in the broadband infrastructure rodeo. According to Omri Gainsburg, COO of Meridiam in the Americas, the firm’s current fiber portfolio includes projects with more than 16,000 miles of fiber infrastructure, passing nearly 1.5 million premises.