LOGIX Fiber Networks, the largest independent fiber provider in Texas, has secured $100 million in capital commitments to fund key customer-driven growth initiatives, support an accelerated network evolution plan and refinance a portion of its senior debt.
LOGIX has a long history of delivering an enterprise-grade fiber network and comprehensive connectivity solutions with speed, reliability, and performance. The company serves enterprise and carrier customers with over 7,000 route miles and nearly 300,000 fiber miles in and between Dallas-Fort Worth, Austin, San Antonio and Houston (DASH markets).
Proceeds will be used to support LOGIX’s core customer segments through network build and cost rationalization programs, including 5G wireless backhaul services, data center support and increased penetration of owned fiber network services throughout the company’s footprint. Coupled with a strong and growing economy in Texas, demand for LOGIX’s services has increased dramatically in recent years as wireless carriers race to deploy and support 5G networks, data center providers offer increased access to cloud services, and enterprises and end users exponentially increase their content consumption.
Craig Collins, LOGIX’s Chief Executive Officer
We are excited about the growth platform we’ve created and look forward to this new phase in our evolution. This is a critical step in aggressively building upon LOGIX’s reputation as the premier business fiber provider in Texas and this commitment will help us to continue growing our enterprise and carrier fiber network, expand into new markets, serve more customers, and create value for all stakeholders.
