Originally posted on Data Center POST
LiveOak Fiber (LiveOak), a regional broadband service provider founded in 2022, has announced a significant milestone in its growth journey. The company has secured $250 million in financing underwritten by J.P. Morgan, which will be utilized to accelerate the expansion of its 100% fiber broadband network to underserved communities in the Southeast United States.
Since its inception, LiveOak has rapidly grown into a regional network operator, serving both business and residential customers across Bay, Okaloosa, and Walton Counties in Florida, as well as Camden, Chatham, and Glynn Counties in Georgia. The company has exceeded market expectations, having completed 50% of its network builds in Georgia and Florida by May 2024. With an investment of over $200 million to date, LiveOak has successfully constructed and lit more than 1,000 miles of fiber, providing essential access to educational resources, telehealth services, and economic opportunities that were previously out of reach for these communities.
The newly secured financing from J.P. Morgan will enable LiveOak to continue its remarkable progress and further extend its services to new and existing communities.
For more information about LiveOak Fiber’s network route and services, visit www.liveoakfiber.com.
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