LiveOak Fiber Receives $150M Initial Funding from InfraRed Capital Partners

Seed investment enables LiveOak Fiber to deliver broadband internet to residents and businesses in select Georgia and Florida communities.

  • LiveOak Fiber

 

BRUNSWICK, Ga.--LiveOak Fiber, an emerging regional broadband service provider announces today that the newly formed company received an initial $150 million investment from InfraRed Capital Partners to build a world-class fiber network in Glynn County, Georgia and Okaloosa County, Florida. The new network will bring fiber-based broadband to homes and businesses, ensuring access to affordable and reliable digital infrastructure to these traditionally underserved markets.

InfraRed’s investment and partnership with LiveOak Fiber addresses the expanding digital divide in the Southeastern U.S. When complete, the new network will provide fiber-based broadband and communications solutions to better serve homes and businesses throughout each region. Residents can expect a robust internet service with speeds up to 10Gbps – the fastest in the nation – and a suite of next-generation business communications.

“These initial deployments are in underserved areas that lack the critical connectivity needed to foster both a growing population and attract new businesses,” says Jody Craft, President of LiveOak Fiber. “Constructing and providing fiber-based broadband to these counties in Georgia and Florida will enable a rich suite of modern communication services for the residents and businesses.”

“InfraRed is proud to partner with LiveOak Fiber, a remarkable team that is committed to providing communities with necessary digital infrastructure and internet services, designed to enable social and economic growth,” says Jack Paris, Head of Americas at InfraRed Capital Partners. “InfraRed continues to grow its presence in the U.S. market by making value-accretive investments in target sectors, funding and developing critical digital infrastructure that connects communities.”

InfraRed is allocating $150 million to LiveOak Fiber for the initial rollout but expects the investment opportunity to grow over time as the network expands. The company will begin construction in Q3 2022 and plans to offer initial services in first quarter of 2023.

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