Ripple Fiber, based in Charlotte, has increased its credit facility to $350 million, signaling strong financial backing for further expansion. This comes after merging with HyperFiber and aims to accelerate network deployment across 10 states. The company has already made significant strides, deploying over 170,000 fiber passings in seven states in the last year alone. CEO Greg Wilson emphasized the enhanced financial flexibility will support their strategic growth and rapid deployment of next-gen fiber infrastructure nationwide.
This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy.
Having recently completed our strategic merger with HyperFiber and now securing this enhanced financial flexibility, we are exceptionally well-positioned to accelerate our deployment of next-generation fiber infrastructure.
The capital resources to maintain and enhance Ripple Fiber's position as one of the fastest-growing independent FTTH providers will support our near-term build plan.
Ripple Fiber has already deployed over 170,000 fiber passings across seven states, adding more than 100,000 passings and 13,000 subscribers in the last twelve months alone.
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