Wire 3, a fiber network company based in Daytona Beach, obtained $235 million in financing from Oak Hill Capital and Guggenheim Investments to enhance its fiber buildout in Florida. The investment will accelerate deployment in counties like Volusia, Brevard, and Orange. With a total of over $550 million generated from investments, Wire 3 aims to provide a reliable internet solution. CEO Jai Ramachandran emphasized their commitment to building trust within the community while expanding their network capabilities.
Wire 3 closed on $235 million in private credit financing to accelerate its Florida fiber buildout, with investments from Oak Hill Capital and Guggenheim Investments.
Wire 3 is deploying its fiber network across multiple counties in Florida including Volusia, Brevard, and Orange, aiming to provide a future-proof internet solution.
CEO Jai Ramachandran stated, 'Guggenheim's additional investment signifies the confidence our partners have in the products we deliver and the impact we make as we continue to light more 10 Gbps cities.'
Oak Hill Capital, as majority investor, committed to investing up to $250 million to expand Wire 3's fiber network in underserved Florida communities.
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