From Greenlight Networks<\/p>\n
Greenlight Networks<\/a>, a leading fiber-to-the-home internet provider in New York, Pennsylvania, and Maryland, announced on Monday, Nov. 3, that it has entered into a definitive agreement to acquire Pennsylvania-based fiber internet provider FastBridge Fiber. The transaction is expected to close in mid-2026, pending regulatory approvals and customary closing conditions.<\/p>\n This announcement follows\u00a0Greenlight\u2019s recent acquisition of Scranton-based Loop Internet<\/a>\u00a0and builds on the company\u2019s broader growth strategy. In April, Greenlight announced its expansion into Pennsylvania,\u00a0with service available and additional construction underway in both the Northeast and Southcentral regions of the state.<\/p>\n FastBridge Fiber\u2019s internet infrastructure complements Greenlight\u2019s existing network and spans Pennsylvania and New York, providing service in Buffalo, NY, and several Pennsylvania communities, such as Berks County, Bloomsburg, Danville, Williamsport, with construction underway in Erie and Hazelton.<\/p>\n \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. Together, 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 said\u00a0Mark Murphy, CEO of Greenlight Networks.<\/p>\n \u201cWe\u2019re thrilled to join forces with Greenlight Networks,\u201d said\u00a0Lynn Pope, Co-Founder and Chief Revenue Officer of FastBridge Fiber. \u201cFrom day one, our focus has been on our customers and the dedicated people who make our service possible.\u201d<\/p>\n John Rinehart, Co-Founder and Chief Operations Officer of FastBridge Fiber, added, \u201cThis partnership builds on that foundation. Greenlight\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<\/p>\n 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 (\u201cGuggenheim\u201d). Following the closing of this 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.<\/p>\n Guggenheim Securities LLC served as financial advisor to FastBridge Fiber. A&O Shearman served as legal counsel to FastBridge Fiber and Guggenheim in connection with this transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Greenlight Networks.<\/p>\n About FastBridge Fiber<\/p>\n FastBridge Fiber is a forward-thinking fiber-optic internet provider, delivering faster, more reliable internet to homes and businesses through a state-of-the-art, all-fiber network. Built for the future, FastBridge Fiber\u2019s network empowers seamless experiences for streaming, gaming, remote work, and beyond. With simple pricing, local customer care, and a commitment to advancing the communities it serves, FastBridge Fiber ensures its customers are connected to what matters most. Learn more at\u00a0fastbridgefiber.com<\/a>.<\/p>\n About Greenlight Networks<\/p>\n Greenlight Networks is an ultra-high-speed fiber internet service provider offering residential and small business customers symmetrical connection speeds of up to 8 Gigabits per second. Founded in 2011, Greenlight builds, owns, and operates a state-of-the-art fiber-optic network that delivers fast, reliable internet connections. Today, Greenlight\u2019s network serves nearly 300,000 homes and small businesses across New York, Pennsylvania, and Maryland. Learn more at\u00a0greenlightnetworks.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"From Greenlight Networks Greenlight Networks, a leading fiber-to-the-home internet provider in New York, Pennsylvania, and Maryland, announced on…\n","protected":false},"author":2,"featured_media":25391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[128,130,129],"class_list":["post-25390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reading","tag-reading-city","tag-reading-city-headlines","tag-reading-city-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/25390","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=25390"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/25390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/25391"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=25390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=25390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=25390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}