Oak Hill Capital has announced that it has formed a new fibre-to-the-premises (FTTP) provider called Omni Fiber, which will deliver symmetrical 2Gbps fixed broadband services to small and mid-sized markets in the Midwest that it says ‘have historically been underserved by the large phone and cable companies’. Oak Hill’s USD250 million commitment to Omni Fiber – which is being bankrolled by its latest flagship fund, Oak Hill Capital Partners VI – will fund new network construction in communities across the Midwest, with initial projects in the states of Ohio, Pennsylvania, and Michigan.
TeleGeography notes that Oak Hill’s current fixed broadband investments include MetroNet, which describes itself as ‘the largest independently owned, 100% fibre-optic network provider in the US’; Vexus Fiber, which serves Texas, New Mexico and Louisiana; GoNetspeed in the Northeast; Race Communications in California; and Greenlight Networks in upstate New York.