Wedoany.com Report-Aug. 18, Brightspeed, the third-largest fiber broadband builder in the United States, has announced a $1.65 billion capital offering to support its ongoing fiber network expansion. This follows a $575 million bond offering in June 2024 and $3.7 billion raised in August 2024, aimed at extending its state-of-the-art fiber network to over five million homes and businesses across its 20-state footprint.

In recent years, Brightspeed has connected more than 2.3 million premises with fiber, achieving a build rate of one million new locations annually while maintaining industry-leading cost efficiency. This rapid and disciplined approach positions Brightspeed as one of the most effective large-scale fiber builders in the market.

With 7.3 million homes and businesses in its underserved regions, Brightspeed is well-placed to deliver long-term value as more customers adopt its upgraded fiber network. The strong support from the investment community reflects confidence in the company’s strategy and execution.

The fiber network utilizes XGS-PON technology to provide symmetrical multi-gigabit speeds, earning recognition from HighSpeedInternet.com as the fastest internet service in the U.S. in its 2025 Annual Service Provider Review. Brightspeed’s service is currently available in over 530 communities and continues to expand, making it one of the most active and well-funded fiber providers in the country.

“This infusion of new capital means we can continue to expand our fiber network to more homes, businesses, and communities who need it,” said Michel Combes, Executive Chairman and CEO of Brightspeed. “We’ve proven our ability to build at scale with solid economics, and the added funding underscores the market’s continued confidence in our track record and sustained execution.”

Combes, who assumed the CEO role recently, added: “In my first two months as CEO, I’ve been impressed by the solid foundation already in place at Brightspeed. We have a highly experienced leadership team and a committed, passionate workforce that is deeply rooted in their communities and dedicated to serving their neighbors. We are well into our journey to deliver value for our investors, our customers, and for Brightspeed.”

The latest funding strengthens Brightspeed’s ability to meet growing demand for high-speed internet, supporting communities across its service areas with reliable, cutting-edge connectivity. This investment reinforces the company’s commitment to bridging the digital divide and enhancing broadband access nationwide.