Ubiquity Secures $420 Million to Expand Open Access Fiber Networks Across the U.S.

Ubiquity Expands Open Access Fiber Networks with New Financing

In a significant move to bolster its operations, Ubiquity, a leading digital communications infrastructure firm, has successfully secured $420 million in green construction financing. This funding aims to support the deployment of last-mile open-access fiber networks across vital markets such as Texas, California, Arizona, and Nebraska.

The financing package consists of a $275 million Green Construction Credit Facility spearheaded by Goldman Sachs and Nomura, alongside a $145 million upsized Green Revolving Credit Facility led by Woodforest National Bank and a group of syndicate lenders. These funds, combined with equity from existing sponsors Generate Capital PBC and 1248 Holdings, will enhance Ubiquity's infrastructure, aiming to provide high-speed internet to more households and businesses. Both financing arrangements conform to the Green Loan Principles as well as Generate’s Green Financing Framework.

Strategic Growth and Impact

Jamie Earp, co-CEO and managing partner of Ubiquity, termed this accomplishment a pivotal financing milestone, which optimizes the company's capital structure. He emphasized that continued backing from investors and lenders would facilitate capital deployment within Ubiquity’s key markets, maximally benefiting the communities served.

Since its establishment in 2019, Ubiquity has made waves in the U.S. with its innovative open-access business model, engineered by professionals of the high-tech infrastructure arena, including veterans from the former Tier 1 carrier networks. Ubiquity's last-mile open-access fiber networks serve as essential communication infrastructure, promoting energy-efficient connectivity options, offering consumer choice, and reinforcing a competitive edge through multi-tenant capabilities.

Designed for efficiency, Ubiquity's open-access networks are structured to accommodate multiple tenants with high-capacity engineering, offering both lit and dark fiber services. These networks not only facilitate dedicated connectivity for residential and business use but are also adaptable to meet the high-speed needs of enterprise and carrier backhaul applications.

Ajay Ghanekar, co-CEO, remarked on Ubiquity’s expansive vision since its inception, which has facilitated rapid deployment and customer acquisition while delivering value to all stakeholders involved.

Future of Ubiquity

Ubiquity has successfully delivered high-speed fiber connectivity to hundreds of thousands of addresses within its four-state operational footprint, emphasizing its status as one of the country's leading privately funded Fiber-to-the-Premise builders. The company’s national fiber reach is anticipated to further extend by a recently announced third-party partnership with AT&T, enabling additional tenant opportunities on Ubiquity's existing networks while allowing for exclusive greenfield development in new markets.

Ubiquity's mission is centered on investing in, developing, and managing digital communication infrastructure throughout the United States, focusing on bridging connectivity gaps in underserved areas. When combined with its commitment to provide sustainable solutions, Ubiquity is poised to play a critical role in transforming the landscape of digital communications in the country.

For further information about Ubiquity and its endeavors, the company invites individuals to visit ubiquitygp.com.