{"id":24686,"date":"2025-11-04T20:57:26","date_gmt":"2025-11-04T20:57:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/24686\/"},"modified":"2025-11-04T20:57:26","modified_gmt":"2025-11-04T20:57:26","slug":"fastbridge-fiber-being-acquired-by-greenlight-networks-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/24686\/","title":{"rendered":"FastBridge Fiber being acquired by Greenlight Networks"},"content":{"rendered":"<p>FastBridge Fiber, a Berks County-based fiber internet provider, has agreed to be acquired by <a href=\"http:\/\/www.greenlightnetworks.com\" rel=\"nofollow noopener\" target=\"_blank\">Greenlight Networks<\/a>, a leading fiber-to-the-home internet provider in New York, Pennsylvania and Maryland.<\/p>\n<p>The transaction is expected to close in mid-2026, pending regulatory approvals and customary closing conditions, the companies jointly announced Tuesday.<\/p>\n<p>\u201cThis acquisition not only positions us to accelerate our ability to serve more communities in Pennsylvania, but it also adds to our scale in Buffalo,\u201d Mark Murphy, CEO of Greenlight Networks, said in press release. \u201cTogether, we can deliver next-generation internet to more residents and small businesses faster in areas where demand for high-speed fiber internet is rapidly growing,\u201d<\/p>\n<p>In making the announcement, Greenlight said FastBridge Fiber\u2019s internet infrastructure complements Greenlight\u2019s existing network.<\/p>\n<p>\u201cWe\u2019re thrilled to join forces with Greenlight Networks,\u201d Lynn Pope, co-founder and chief revenue officer of FastBridge Fiber, said in the release. \u201cFrom day one, our focus has been on our customers and the dedicated people who make our service possible.\u201d<\/p>\n<p>John Rinehart, co-founder and chief operations officer of FastBridge Fiber, added that the partnership builds on that foundation.<\/p>\n<p>\u201cGreenlight\u2019s scale, resources and customer-first culture will allow us to innovate faster and expand access to the world-class connectivity our customers deserve,\u201d Rinehart said in the release.<\/p>\n<p>FastBridge Fiber provides service in Pennsylvania and New York. Among the communities served in Pennsylvania are Sinking Spring, West Reading, Shillington, Reading, Wyomissing, Temple and Muhlenberg Township in Berks County, as well as Bloomsburg, Williamsport and Danville, with construction underway in Erie and Hazelton, according to the release. In New York, FastBridge provides service in Buffalo and Clarence.<\/p>\n<p>In April, the Syracuse, N.Y.-based Greenlight announced its plans to expand into Pennsylvania. Tuesday\u2019s announcement follows Greenlight\u2019s recent acquisition of Scranton-based Loop Internet and builds on the company\u2019s broader growth strategy, the company said in the release. The acquisition of Loop Internet was completed in October.<\/p>\n<p>Oak Hill Capital is the majority investor in Greenlight Networks. FastBridge Fiber has been supported, and is majority owned, by select client accounts of Guggenheim Investments. Following the closing of the transaction, Guggenheim will take an ownership stake in Greenlight Networks and in conjunction with Oak Hill Capital will further strengthen the company\u2019s growth and expansion initiatives, according to the release.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"FastBridge Fiber, a Berks County-based fiber internet provider, has agreed to be acquired by Greenlight Networks, a leading&hellip;\n","protected":false},"author":2,"featured_media":24687,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[349,60,182,28,128,130,129,133],"class_list":["post-24686","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reading","tag-berks-county","tag-business","tag-local-news","tag-pennsylvania","tag-reading-city","tag-reading-city-headlines","tag-reading-city-news","tag-wyomissing"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/24686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=24686"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/24686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/24687"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=24686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=24686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=24686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}