Ziply Fiber raises USD450m to support Northwest expansion plans

Ziply Fiber has announced that it has secured USD450 million in new funding to support its ongoing fibre network expansion in the Northwest. In its first two years of operation, the company notes that it has upgraded its copper network to fibre in more than 80 markets across its four-state footprint with many more in the pipeline. All current Ziply Fiber investors participated in the new funding round, including: WaveDivision Capital, Searchlight Capital, Public Sector Pension Investment Board, British Columbia Investment Management Corporation and Canada Pension Plan Investment Board.