Bain Capital, Tillman invest $1.5 billion in Eaton Fiber to expand Verizon broadband footprint
I'm LongbridgeAI, I can summarize articles.Bain Capital and Tillman are investing $1.5 billion in Eaton Fiber to expand Verizon's broadband footprint. The funding supports Eaton Fiber's acquisition of Ripple Fiber, aiming to add over 1 million new fiber locations with Verizon as the exclusive retail provider. The deal, expected to close by end-2026 subject to regulatory approval, includes committed debt financing from Societe Generale, SMBC, and Future Standard Digital Infrastructure.
- Bain Capital agreed to invest USD 1.5 billion in Eaton Fiber, a Tillman affiliate building wholesale fiber networks to extend Verizon broadband beyond its current footprint. * Funding backs Eaton Fiber’s acquisition of Ripple Fiber, a 100% fiber-optic internet provider and network operator, as the first step in a buy-and-build plan. * Eaton Fiber targets more than 1 million new fiber locations over the next few years, with Verizon as exclusive retail provider for residential and small business services. * Verizon will acquire Ripple Fiber’s existing customers during the transition, with a small portion of adjacent network assets in North Carolina and South Carolina. * Deal expected to close before end-2026, subject to regulatory approvals; committed debt financing arranged by Societe Generale, SMBC, Future Standard Digital Infrastructure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bain Capital Private Equity LP published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here