Brightspeed Secures $575 Million in New Capital to Accelerate Fiber Build to Over 5 Million Homes
Funding Builds on $3.7 Billion Raised in 2024; Credit Markets Validate Brightspeed Strategy Amid Strong Execution
CHARLOTTE, N.C., June 19, 2025 /PRNewswire/ -- Brightspeed, the nation's third-largest fiber broadband builder, today announced it has priced an offering of $575 million in capital to accelerate its ongoing fiber network expansion. This new funding is incremental to the $3.7 billion raised in 2024 and will support Brightspeed's continued investment to build high-speed fiber internet to over five million homes and businesses across the company's 20-state footprint.
As one of the fastest growing fiber broadband builders, Brightspeed has already passed more than 2 million premises with fiber and expects to pass approximately 1 million additional homes in 2025 alone, maintaining one of the fastest build paces in the country.
"This new capital allows us to continue our aggressive fiber build strategy, bringing high-speed connectivity to communities that have historically lacked quality broadband options," said Michel Combes, Executive Chairman and CEO of Brightspeed. "We've made tremendous progress, and this new funding underscores the credit market's belief in our strategy and reaffirms the strength of our execution."
The additional capital reflects robust support from investors and affirms their confidence in the Brightspeed thesis: a large, underpenetrated footprint, a focused and proven build engine, and a long runway for value creation through fiber expansion.
"Our focus remains clear — to build fiber quickly and efficiently, bringing future-proof fiber connectivity to as many homes and businesses in our footprint as possible," added Combes. "We are delivering results at scale and remain committed to maintain our strong build momentum."
Brightspeed's state-of-the-art fiber network leverages XGS-PON technology to deliver symmetrical multi-gig speeds. Its service is available across more than 530 communities and growing. The company is one of the most active and well-capitalized fiber builders in the country today.
In addition to private funding, Brightspeed has secured more than $295 million in public broadband grants and subsidies to date, further supporting build-out in unserved and underserved areas. Brightspeed continues to aggressively pursue additional subsidy opportunities to further extend its fiber reach and maximize impact in underserved areas.
For more information, visit www.brightspeed.com.
About Brightspeed
Headquartered in Charlotte, N.C. and with assets and associated operations in 20 states, Brightspeed provides broadband and telecommunications services through a network platform capable of serving more than 7.3 million homes and businesses. Our 4,000 employees are committed to building a future where more communities benefit from a more connected life, deploying a state-of-the-art fiber network and a customer experience that makes being connected as simple as it should be. For more information, please visit www.brightspeed.com.
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SOURCE Brightspeed