Two FTTH moves, an IX expansion, and an M&A:
Vexus Fiber is taking on a new market. They are planning to spend $80M to bring their FTTH network to consumers in Laredo, Texas. The expansion will pass 70K residences and businesses, and construction will begin next year and take about 2 years to complete. Vexus is backed by Pamlico Capital and Oak Hill Capital and operates FTTH in many Texas and Louisiana markets.
FD-IX is expanding its reach within the state of Ohio. The Midwest-based internet exchange provider has announced 9 new locations in the state. The regional IX provider also has a significant presence in Indiana, Iowa and Missouri as well as a footohold in Texas.
Wire 3 Holdings has raised money for its FTTH plans in Florida. They have announced equity financing via Guggenheim Investments that will enable the acceleration of the company’s buildout along the Space Coast. More specifically, Wire 3 is busy building fiber in the counties of Volusia and Brevard, which will become available in some areas of 2022.
And Digital 9 Infrastructure has found another asset to acquire. The company, which raised $1B earlier this year and acquired Aqua Comms, has revealed the purchase of SeaEdge UK1 for £15M. SeaEdge UK1 is a landing station and data center asset in the northern English city of Newcastle. The data center itself is leased and operated by Stellium, while the landing station is where Aqua Comms’ North Sea Connect cable and future NO-UK cable come ashore.
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