Latest news with #RippleFiber
Yahoo
18-06-2025
- Business
- Yahoo
Ripple Fiber Breaks Ground in Illinois, Shares Plans for Midwest Network Expansion
Fiber optic internet provider to deliver future-ready infrastructure to Cook and DuPage Counties ELK GROVE VILLAGE, Ill., June 18, 2025--(BUSINESS WIRE)--Ripple Fiber, a Charlotte-based provider of high-speed fiber internet services, announces plans for its expansion into Illinois as construction begins in Cook County. Marking the company's entrance into its eighth state, the initial $104 million planned project kicks off in Elk Grove Village, to be followed by more areas to be announced in due course within the state. Ripple Fiber anticipates the first customers to gain access to its future-ready fiber internet by the end of this summer. "Ripple Fiber is thrilled to announce Illinois as the next addition to our rapidly growing footprint, as we look to Cook County, specifically Elk Grove Village, as our first live market," said Greg Wilson, Founder and CEO of Ripple Fiber. "We've appreciated the support received from local stakeholders during these beginning stages and look forward to a collaborative partnership that will help us bring next-level connectivity to their communities." According to BroadbandNow, less than 33 percent of Illinois residents have access to fiber optic internet. While construction in neighboring DuPage County is expected to begin in the coming months, Ripple Fiber will continue to explore expansion opportunities in the surrounding areas to increase digital access and provide more internet options for residents. With the start of the construction phase, the provider plans to open a local office and employ locally within the community to ensure an enhanced customer experience and demonstrate Ripple Fiber's commitment to establishing a strong local presence in each market. "We're thrilled to have Ripple Fiber join our business community here in Elk Grove Village. Reliable, high-speed internet is a game-changer for local businesses and residents, and Ripple Fiber's investment helps move our region forward. We're excited to see the impact they'll make," added Shirlanne Lemm, President and CEO of GOA Regional Business Association and Elk Grove Chamber. As the construction phase begins, residents are encouraged to pre-order service online or by phone. With Ripple Fiber's 10-gig, 100 percent fiber optic infrastructure, residents will have access to a strong, dependable network that will power communities for decades to come. Whether using Wi-Fi for remote work, online learning, gaming, or video streaming, customers can expect exceptional bandwidth and symmetrical upload and download speeds. Known for transparent pricing without contracts or hidden fees, the provider offers multiple package options, with three core products leading the way—500 Mbps, 1 Gig, and 2 Gig. While many have already begun receiving direct updates from Ripple Fiber, homeowners within the current build area can expect to see mailed letters and door hangers sharing more information about what to expect during the construction process. Residents in Cook and DuPage Counties who would like to learn more about Ripple Fiber's offerings can visit and follow along on social media (@ for updates. ABOUT RIPPLE FIBER Founded in 2021, Ripple Fiber provides thousands of homes with the brightest and fastest fiber internet solutions, powered by a 10-gig, 100 percent fiber optic network. With its patented technology driving rapid expansion across 8 states, Ripple Fiber is redefining connectivity for its communities while remaining committed to promoting digital empowerment. Ripple Fiber believes the biggest wave starts as a ripple. For more information, please visit View source version on Contacts MEDIA CONTACT Emily FrancoisDirector of Corporate Communicationspress@ Sign in to access your portfolio
Business Wire
18-06-2025
- Business
- Business Wire
Ripple Fiber Breaks Ground in Illinois, Shares Plans for Midwest Network Expansion
ELK GROVE VILLAGE, Ill.--(BUSINESS WIRE)-- Ripple Fiber, a Charlotte-based provider of high-speed fiber internet services, announces plans for its expansion into Illinois as construction begins in Cook County. Marking the company's entrance into its eighth state, the initial $104 million planned project kicks off in Elk Grove Village, to be followed by more areas to be announced in due course within the state. Ripple Fiber anticipates the first customers to gain access to its future-ready fiber internet by the end of this summer. 'We're thrilled to have Ripple Fiber join our business community here in Elk Grove Village. Reliable, high-speed internet is a game-changer for local businesses and residents, and Ripple Fiber's investment helps move our region forward." Share 'Ripple Fiber is thrilled to announce Illinois as the next addition to our rapidly growing footprint, as we look to Cook County, specifically Elk Grove Village, as our first live market,' said Greg Wilson, Founder and CEO of Ripple Fiber. 'We've appreciated the support received from local stakeholders during these beginning stages and look forward to a collaborative partnership that will help us bring next-level connectivity to their communities." According to BroadbandNow, less than 33 percent of Illinois residents have access to fiber optic internet. While construction in neighboring DuPage County is expected to begin in the coming months, Ripple Fiber will continue to explore expansion opportunities in the surrounding areas to increase digital access and provide more internet options for residents. With the start of the construction phase, the provider plans to open a local office and employ locally within the community to ensure an enhanced customer experience and demonstrate Ripple Fiber's commitment to establishing a strong local presence in each market. 'We're thrilled to have Ripple Fiber join our business community here in Elk Grove Village. Reliable, high-speed internet is a game-changer for local businesses and residents, and Ripple Fiber's investment helps move our region forward. We're excited to see the impact they'll make,' added Shirlanne Lemm, President and CEO of GOA Regional Business Association and Elk Grove Chamber. As the construction phase begins, residents are encouraged to pre-order service online or by phone. With Ripple Fiber's 10-gig, 100 percent fiber optic infrastructure, residents will have access to a strong, dependable network that will power communities for decades to come. Whether using Wi-Fi for remote work, online learning, gaming, or video streaming, customers can expect exceptional bandwidth and symmetrical upload and download speeds. Known for transparent pricing without contracts or hidden fees, the provider offers multiple package options, with three core products leading the way—500 Mbps, 1 Gig, and 2 Gig. While many have already begun receiving direct updates from Ripple Fiber, homeowners within the current build area can expect to see mailed letters and door hangers sharing more information about what to expect during the construction process. Residents in Cook and DuPage Counties who would like to learn more about Ripple Fiber's offerings can visit and follow along on social media (@ for updates. ABOUT RIPPLE FIBER Founded in 2021, Ripple Fiber provides thousands of homes with the brightest and fastest fiber internet solutions, powered by a 10-gig, 100 percent fiber optic network. With its patented technology driving rapid expansion across 8 states, Ripple Fiber is redefining connectivity for its communities while remaining committed to promoting digital empowerment. Ripple Fiber believes the biggest wave starts as a ripple. For more information, please visit
Business Wire
28-05-2025
- Business
- Business Wire
Ripple Fiber Expands Debt Capacity to $350 Million to Fuel Nationwide Fiber Network Growth
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Ripple Fiber, a Charlotte-based provider of high-speed fiber internet services, announced today it has secured a significant expansion of its existing credit facility to $350 million. Led and arranged by Post Road Group, the upsized agreement is a significant increase in the company's debt capacity and a vote of confidence, providing substantial resources to support Ripple Fiber's accelerated network deployment across the United States. 'This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy,' said Greg Wilson, Founder and CEO of Ripple Fiber. This substantial debt package is supported by an additional equity from Ripple Fiber's current sponsors. This commitment comes on the heels of the company's strategic merger completion with HyperFiber, which formally combined the companies under the unified Ripple Fiber brand and leadership. With this expanded debt capacity, Ripple Fiber is now exceptionally well-positioned to execute on its near-term build plan with operations in 10 states by the end of 2025. 'This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy,' said Greg Wilson, Founder and CEO of Ripple Fiber. 'Having recently completed our strategic merger with HyperFiber and now securing this enhanced financial flexibility, we are exceptionally well-positioned to accelerate our deployment of next-generation fiber infrastructure to communities nationwide and have ensured that our capital planning allows us to focus on speed of deployment.' The expanded credit facility and further equity commitment from Ripple Fiber's current sponsors provide the capital resources to maintain and enhance the company's position as one of the fastest-growing independent FTTH (Fiber-to-the-Home) providers in the country. Ripple Fiber has already deployed over 170,000 fiber passings across seven states, adding more than 100,000 passings and 13,000 subscribers in the last twelve months alone. The company has developed a clearly defined strategic growth path to expand its fiber footprint nationwide. 'As we've demonstrated our ability to efficiently deploy capital and achieve strong market penetration rates, our partners have enthusiastically increased their commitment to Ripple Fiber's growth story,' said Stuart van der Veen, Board Member of Ripple Fiber. 'The strength of the company's AI-driven market selection technology, coupled with a disciplined approach to capital deployment, enables us to ramp up our build engine and develop multiple markets concurrently. This expanded debt facility provides the runway we need to capitalize on the significant opportunities we've identified across our target markets.' Post Road Group, who has been a key financial partner to Ripple Fiber, continues its support with this transaction. 'Ripple Fiber is building critical infrastructure to connect communities across the country, and we're proud to support their continued expansion. The team has demonstrated strong execution, disciplined market entry, and a thoughtful approach to scaling. This expanded credit facility reflects our conviction in both the Ripple platform and the broader opportunity to deliver competitive fiber infrastructure to underserved communities nationwide,' added Sean Elliott, Vice President of Post Road Group. The increased capital will support Ripple Fiber's continued network buildout, which currently spans across North Carolina, South Carolina, Florida, Arkansas, Colorado, Michigan, and Massachusetts. The company is in the advanced stages of extending its footprint into four additional states as part of its national expansion strategy. Ripple Fiber's leadership team, with over 200 years of combined telecom industry experience and a proven track record of successful strategic transactions, is uniquely positioned to capitalize on this expanded financial capacity to drive the company's ambitious growth trajectory. ABOUT RIPPLE FIBER Founded in 2021, Ripple Fiber provides thousands of homes with the brightest and fastest fiber internet solutions, powered by a 10Gig, 100 percent fiber optic network. With its patented technology driving rapid expansion, Ripple Fiber is redefining connectivity for its communities while remaining committed to promoting digital empowerment. Ripple Fiber believes the biggest wave starts as a ripple. For more information, please visit Post Road Group is an alternative investment advisory firm located in Stamford, CT with more than $2.4 billion in assets under management. Post Road originates and executes investments across four distinct complementary strategies: Corporate, Real Estate Credit, Real Estate Equity and Specialty Finance. Since its founding in 2015, the firm has invested and committed over $3.5 billion of capital on behalf of institutional investors across the world. Post Road's Corporate strategy makes private credit, private equity and structured equity investments in the Digital Infrastructure, Telecommunications, Media, Software and Business Service industries. To learn more, visit
Associated Press
28-05-2025
- Business
- Associated Press
Ripple Fiber Expands Debt Capacity to $350 Million to Fuel Nationwide Fiber Network Growth
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 28, 2025-- Ripple Fiber, a Charlotte-based provider of high-speed fiber internet services, announced today it has secured a significant expansion of its existing credit facility to $350 million. Led and arranged by Post Road Group, the upsized agreement is a significant increase in the company's debt capacity and a vote of confidence, providing substantial resources to support Ripple Fiber's accelerated network deployment across the United States. This substantial debt package is supported by an additional equity from Ripple Fiber's current sponsors. This commitment comes on the heels of the company's strategic merger completion with HyperFiber, which formally combined the companies under the unified Ripple Fiber brand and leadership. With this expanded debt capacity, Ripple Fiber is now exceptionally well-positioned to execute on its near-term build plan with operations in 10 states by the end of 2025. 'This significant debt facility expansion represents a strong vote of confidence from our financial partners and reinforces our ability to execute our ambitious growth strategy,' said Greg Wilson, Founder and CEO of Ripple Fiber. 'Having recently completed our strategic merger with HyperFiber and now securing this enhanced financial flexibility, we are exceptionally well-positioned to accelerate our deployment of next-generation fiber infrastructure to communities nationwide and have ensured that our capital planning allows us to focus on speed of deployment.' The expanded credit facility and further equity commitment from Ripple Fiber's current sponsors provide the capital resources to maintain and enhance the company's position as one of the fastest-growing independent FTTH (Fiber-to-the-Home) providers in the country. Ripple Fiber has already deployed over 170,000 fiber passings across seven states, adding more than 100,000 passings and 13,000 subscribers in the last twelve months alone. The company has developed a clearly defined strategic growth path to expand its fiber footprint nationwide. 'As we've demonstrated our ability to efficiently deploy capital and achieve strong market penetration rates, our partners have enthusiastically increased their commitment to Ripple Fiber's growth story,' said Stuart van der Veen, Board Member of Ripple Fiber. 'The strength of the company's AI-driven market selection technology, coupled with a disciplined approach to capital deployment, enables us to ramp up our build engine and develop multiple markets concurrently. This expanded debt facility provides the runway we need to capitalize on the significant opportunities we've identified across our target markets.' Post Road Group, who has been a key financial partner to Ripple Fiber, continues its support with this transaction. 'Ripple Fiber is building critical infrastructure to connect communities across the country, and we're proud to support their continued expansion. The team has demonstrated strong execution, disciplined market entry, and a thoughtful approach to scaling. This expanded credit facility reflects our conviction in both the Ripple platform and the broader opportunity to deliver competitive fiber infrastructure to underserved communities nationwide,' added Sean Elliott, Vice President of Post Road Group. The increased capital will support Ripple Fiber's continued network buildout, which currently spans across North Carolina, South Carolina, Florida, Arkansas, Colorado, Michigan, and Massachusetts. The company is in the advanced stages of extending its footprint into four additional states as part of its national expansion strategy. Ripple Fiber's leadership team, with over 200 years of combined telecom industry experience and a proven track record of successful strategic transactions, is uniquely positioned to capitalize on this expanded financial capacity to drive the company's ambitious growth trajectory. ABOUT RIPPLE FIBER Founded in 2021, Ripple Fiber provides thousands of homes with the brightest and fastest fiber internet solutions, powered by a 10Gig, 100 percent fiber optic network. With its patented technology driving rapid expansion, Ripple Fiber is redefining connectivity for its communities while remaining committed to promoting digital empowerment. Ripple Fiber believes the biggest wave starts as a ripple. For more information, please visit ABOUT POST ROAD GROUP Post Road Group is an alternative investment advisory firm located in Stamford, CT with more than $2.4 billion in assets under management. Post Road originates and executes investments across four distinct complementary strategies: Corporate, Real Estate Credit, Real Estate Equity and Specialty Finance. Since its founding in 2015, the firm has invested and committed over $3.5 billion of capital on behalf of institutional investors across the world. Post Road's Corporate strategy makes private credit, private equity and structured equity investments in the Digital Infrastructure, Telecommunications, Media, Software and Business Service industries. To learn more, visit View source version on CONTACT: MEDIA CONTACT Emily Francois Director of Corporate Communications [email protected] KEYWORD: NORTH CAROLINA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY NETWORKS INTERNET TELECOMMUNICATIONS SOURCE: Ripple Fiber Copyright Business Wire 2025. PUB: 05/28/2025 08:12 AM/DISC: 05/28/2025 08:10 AM
