en.Wedoany.com Reported - Midwest digital infrastructure provider Great Plains Communications (GPC) officially announced on May 19 that it has entered into a definitive agreement with American Broadband Holding Company (operating as Fastwyre Broadband) to acquire its service operations in Nebraska. The acquisition covers more than twenty communities across Nebraska and will integrate Fastwyre's existing customer base into GPC's MEF-certified fiber network spanning over 20,000 miles. GPC is a portfolio company of private equity firm Grain Management, while Fastwyre is backed by Madison Dearborn Partners and Catania Capital Partners. Financial terms of the transaction were not disclosed. Upon completion of the acquisition, current Fastwyre customers in Nebraska will experience seamless service continuity.
Todd Foje, Chief Executive Officer of Great Plains Communications, stated: "Our vision has always been to expand our fiber network across the Midwest and beyond, and the acquisition of Fastwyre's Nebraska operations is a strategic milestone in that journey. This acquisition strengthens our position in key markets, opens new growth opportunities, and builds upon our 115-year history as a trusted technology partner in Nebraska." He also emphasized that the company's strength lies in the power of its high-performance network and the dedication of its outstanding employees, enabling it to consistently create long-term value and deliver the exceptional experience customers expect and deserve.
This transaction will bring direct fiber service upgrades to residential and business customers in Nebraska. GPC commits to upgrading and integrating the newly acquired Fastwyre operations following its model of reinvesting in its network year after year. The investment will benefit more than twenty communities, including Arlington, Bellevue, Blair, Fremont, and Wayne, enabling them to access advanced FTTH (Fiber to the Home) services. Currently, GPC already offers symmetrical fiber services with speeds up to 2 Gbps in the state. Following the acquisition, former Fastwyre customers will gain access to a broader range of service options, including enterprise-grade Ethernet, SD-WAN (Software-Defined Wide Area Network), and direct cloud connectivity, while benefiting from a local call center and technical support team.
Nick Wilkin, Chief Financial Officer of Great Plains Communications, added: "Our company's strong financial position allows us to make strategic acquisitions like this while also funding the critical network upgrades that Nebraska homes and businesses need. We are fully capable of seamlessly integrating these communities and bringing GPC's customer-first service experience to Fastwyre customers in Nebraska." Additionally, GPC will onboard over twenty former Fastwyre local employees in Nebraska to ensure continuity and depth of service for local communities.
This transaction is the latest step in GPC's ongoing expansion of its multi-state Midwest fiber network. Founded in 1910 as a privately held company, it has evolved from its origins as a local telephone company into a regional fiber and digital infrastructure provider covering 13 states, including Colorado, Indiana, Iowa, Kentucky, and Nebraska. In recent years, the company has continuously expanded its capabilities in enterprise dedicated line services, residential broadband coverage, and providing backhaul connectivity for regional and national carriers through a series of acquisitions and project builds. This acquisition will further enhance GPC's network density in core markets and solidify its market position in the digital infrastructure sector.
The closing of the transaction is subject to customary closing conditions, including obtaining relevant regulatory approvals.
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