Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Wire 3 to expand Florida fibre network with $115M
    Fibre-network
    Fibre-network
    IT Infrastructure

    Wire 3 to expand Florida fibre network with $115M

    By Tanee ShaoDecember 11, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Wire 3 secures $115 million in credit facility for Florida fibre expansion.
    • The funding adds to $300 million raised by the company in the past year.

    What happened: Wire 3 raises funds for Florida fibre expansion

    Wire 3 has secured a $115 million credit facility, led by Woodforest National Bank, CIBC, and JPMorgan, with Axiom Bank also participating. This funding will support the expansion of its fibre-optic network across Florida. The new facility adds to the $300 million in equity Wire 3 raised in the past year, backed by Oak Hill Capital Partners, which manages six companies across 33 states.

    Wire 3 CFO and co-founder Jeff Morse commented, “This credit facility strengthens our capital base and provides liquidity to accelerate our fibre-optic network rollout in Central Florida. With ongoing lender support, we’re well-positioned to extend our reach and connect more communities to fast, reliable internet.”

    Also read: FibreWorld supports fibre optic cable networks in Nigeria
    Also read: The working mode and benefits of a fibre network

    Why it is important

    The $115 million credit facility is crucial for Wire 3 as it accelerates the company’s expansion in Florida. With this funding, Wire 3 can further extend its fibre-optic network, providing faster and more reliable internet to underserved communities. The backing from major financial institutions like Woodforest National Bank, CIBC, and JPMorgan highlights their strong confidence in the company. This support underscores Wire 3’s growth potential.

    This facility adds to the $300 million already raised, underlining the financial stability Wire 3 has built in the past year. As CFO Jeff Morse highlighted, the funding strengthens their capital base and offers the liquidity needed to scale operations. By connecting more areas to fibre, Wire 3 helps bridge the digital divide, supporting the growing demand for high-speed internet in the region. The continued support from lenders positions Wire 3 to meet the future needs of its customers.

    fibre network Wire 3
    Tanee Shao

    Tanee Shao is an intern reporter at BTW Media, having studied at Kings College of London. She specialises in fintech. Contact her at t.shao@btw.media.

    Related Posts

    Telcoptics Solutions Ltd: Transforming fibre infrastructure in Kenya

    July 10, 2025

    Certified Technology Services Ltd: Boosting ICT services in Ghana

    July 10, 2025

    Sky unveils 5Gbps full-fibre broadband with Wi-Fi 7 hub

    July 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.