#United States #Charlotte #fiber broadband #Telecommunications #Brightspeed

Brightspeed Secures $1.65 Billion for Fiber Network Expansion

In an impressive move that underscores its commitment to expanding broadband access, Brightspeed, the third-largest fiber broadband builder in the United States, recently announced it has secured an additional $1.65 billion in capital. This funding aims to extend its fiber network buildout, which is crucial for delivering high-speed Internet service to underserved communities across 20 states.

This latest financing follows a successful $575 million bond offering earlier this year and a substantial $3.7 billion raised back in August 2024. This staggering influx of capital is part of Brightspeed's ongoing efforts to enhance its fiber infrastructure. The company's ultimate goal with these funds is to reach more than five million homes and businesses, ensuring they can access its cutting-edge fiber technology.

Over the past few years, Brightspeed has made significant strides in its expansion efforts. To date, the company has successfully passed over 2.3 million premises with fiber optics and maintains a build rate of one million new fiber locations each year. Remarkably, Brightspeed has also managed to achieve these milestones while keeping industry-leading build costs. This swift and disciplined execution places Brightspeed among the most efficient large-scale fiber builders in the marketplace.

Brightspeed’s executive chairman and CEO, Michel Combes, emphasized the impact of this new capital injection: “This infusion of new capital means we can continue to expand our fiber network to more homes, businesses, and communities who need it.” He further noted that the investment indicates strong market confidence in their efficient operations and proven track record of successful builds.

With an additional 7.3 million homes and businesses located within their targeted but currently underpenetrated areas, Brightspeed is excellently poised to create substantial long-term value as more users migrate to their upgraded fiber services. The overwhelming support from the investment community not only highlights confidence in their strategic direction but also suggests robust opportunities for value creation moving forward.

In Combes’ early reflections on his tenure as CEO, he stated, “In my first two months as CEO, I’ve been impressed by the solid foundation already in place at Brightspeed.” His confidence in the company's skilled leadership team and committed workforce is evident, and it reflects the company’s aspirations to serve communities and, ultimately, enhance its customer experience.

Brightspeed's fiber network employs advanced XGS-PON technology, enabling it to deliver symmetrical multi-gigabit speeds. The company was named by HighSpeedInternet.com as the fastest internet service provider in the country for 2025, reinforcing its position as a leader in broadband connectivity. Currently, Brightspeed’s services are accessible in over 530 communities, and they continue to expand.

Headquartered in Charlotte, North Carolina, Brightspeed operates across multiple states and aims to provide advanced telecommunications services to more than 7.3 million homes and businesses. With nearly 4,000 dedicated employees, the company’s continuing mission is to enhance connectivity for communities and deliver a streamlined customer experience. Their commitment to building a brighter, more connected future is unwavering. For more information about Brightspeed and its services, you can visit their website at www.brightspeed.com.