Intrepid Fiber Networks (Intrepid), a fiber-to-the-premises provider in the United States backed by Brookfield, has secured USD 290 million in debt financing, with Societe Generale acting as the Structuring and Coordinating Advisor. This funding will accelerate Intrepid's inaugural deployments in Colorado and Minnesota, aiming to cover over 250,000 premises, the company said in a recent statement.
Also Read: Intrepid Fiber Expands Open Access Network in Littleton, Colorado
Strategic Market Deployments
"Securing this new credit facility accelerates our growth across the entire build plan. We have already achieved tremendous success constructing our networks and onboarding subscribers through our partners," Intrepid said.
"This exciting step forward reinforces our commitment to delivering future-proof fiber networks that provide symmetrical gigabit speeds to meet our end users’ broadband needs while providing customers with more options in choosing their preferred Internet Service Provider," Intrepid added.
Also Read: Intrepid Fiber Networks Expands into Bloomington, Minnesota
Intrepid Expansion Plans
Founded in 2021, Intrepid Fiber Networks is building open-access fiber optic networks to deliver fiber infrastructure to communities throughout the United States and meet future broadband demands. The company anticipates continued growth in its announced markets and is evaluating new market deployments to bring an open-access network to premises across the nation.
