Last Mile Roundup: Archtop, Brightspeed, Windstream, Ritter, Logix

Eight bits of last mile news from five companies to catch up on from around the US last week:

ArchTop Fiber has raised $200M to accelerate its expansion in the northeast. They have lined up a new credit facility from a group led by Monroe Capital. Archtop’s FTTH network is live in seven cities in upstate New York as well as one in New Jersey. They recently won a $30M project in Sullivan County and have been busy expanding into the Berkshires region in Massachusetts.

Brightspeed has won $31.2M from North Carolina to expand its last mile infrastructure. Along with $13M of its own, they expect to add some 18K additional locations across the state with a target of nearly 900K total in mind. Meanwhile in Ohio, Brightspeed says its ongoing expansion has reached 200K homes and business out of a target of 380K across the state.

Windstream has been busy with its own expansion of the company’s Kinetic brand, revealing progress in three states. In North Carolina they have won state projects to connect 436 locations in Davidson County and 945 locations in Anson County. In Texas, the company will be spending $23M on a network hardware upgrade that will boost speeds to 21K customers into the multi-gig region. And in Kentucky’s Bullitt county, which sits just south of Louisville, Windstream has completed a $6.8M fiber build connecting 6,300 homes and businesses, of which $2M came from the county while Kinetic invested the balance.

Ritter Communications is bringing its RightFiber FTTH infrastructure into the city of Poplar Bluff. They have launched a $4M expansion into the southeastern Missouri town. Construction will begin soon, with the first residences and businesses coming online sometime this summer.

And Logix Fiber Networks has completed a recapitalization as it positions for the next stage of growth. Through a series of transactions they will be able to reduce debt by $150M while adding new liquidity. Meanwhile, Greg O’Connor will take over as CEO of the company, which connects some 3,000 buildings and 80 data centers in Texas and Oklahoma.

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Categories: Fiber Networks · FTTH · Metro fiber