Arcadian Infracom has lined up the financial resources required to make its longhaul fiber buildout plans into reality. The retirement fund TIAA and its investment manager Nuveen have signed on as a partner to help fund the company's projects with a commitment of up to $140M.
Arcadian Infracom envisions fiber infrastructure connecting Denver, Phoenix, and Salt Lake City that passes through the four corners region. Along the way it would enable connectivity through remote rural regions, including a swath of the Navajo Nation. To say the region is underserved is to rather understate things. Beyond that project, the company also envisions a new longhaul route along I-40 between California and Texas. Both projects would greatly enhance diversity throughout the southwestern US fiber markets.
We had CEO Dan Davis here to talk about the project two years ago, and the company has raised money at least once since but not at this kind of scale. Resources to the tune of $140M will go a long way toward the actual construction of the routes. Not mentioned yet is the timeline upon which that might happen, of course, but I'm sure we'll find out soon enough.
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