Brightspeed Raises $1.65B, Increasing New Total Fiber Expansion Capital to $5.9B in Just One Year

▤ Summary

Brightspeed raised $1.65 billion in new capital to accelerate its fiber network buildout across 20 states. The company says the funding will help it expand multi-gig connectivity to underserved homes and businesses and reach more than five million premises over time. Brightspeed has already passed more than 2.3 million locations with fiber and is building at a rate of one million new locations per year. The company also says its XGS-PON network now serves more than 530 communities and supports its position as a major fiber builder.

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