Summit Broadband, a fiber-optics telecommunications provider in Florida, closed an incremental $100 million debt facility and term expansion with Brookfield Asset Management. The company will use the additional funding to accelerate growth in both its established residential segment as well as its expanding commercial segment.
“We are thrilled to partner with Brookfield in this exciting new chapter for Summit Broadband,” Kurt Van Wagenen, CEO of Summit Broadband, said. “This investment will allow us to further expand our advanced fiber-optic network, providing faster, more reliable Internet bandwidth and related services to residential customers across the state. We’re committed to empowering our customers with the essential connectivity services needed to drive innovation in the digital age.”
“We are pleased to continue our partnership with Summit Broadband by increasing our existing debt facility, which will enable the company to further build upon and expand its impressive fiber network footprint,” Eric Wittleder, deputy chief investment officer of Brookfield’s infrastructure debt business, said.
