Tag: Apollo Global Management

Brightspeed Raises $3.7 Billion for Fiber Optic Construction

Fierce Network reports that Brightspeed, which acquired Lumen Technologies’ copper assets in 20 markets, has received $3.7 billion in new financing for fiber optic construction. This financing comes from a consortium of bankers and other investors led by Brightspeed’s parent company Apollo Global Management. Apollo paid $7.5 billion to Brightspeed in 2022. Tom Maguire, CEO … Continued