Thanks to historic spending on broadband networks to service the un- and underserved, fiber providers have also attracted big money from investors and private equity firms—raising issues for enterprise IT.
Just last month, Boston-based Berkshire Partners, a diversified private equity firm, announced a sizable investment in Point Broadband Fiber Holding LLC. The Opelika, Ala. firm provides fiber-to-the-premise internet services to 75,000 homes and businesses in small towns and rural markets in nine states.
Point Broadband has previously attracted funding from GTCR, a private equity firm, which made a strategic investment in the business in 2021. Since then, the six-year-old carrier claims it added over 100,000 additional fiber passings and entered two new states.
