LiveOak Fiber, which provides service in parts of Northwest Florida, has secured a $425 million credit facility to fuel continued expansion of its all-fiber internet network across Florida and Georgia.
- The funding will support the company’s build-out of its fiber-to-the-home network across existing and planned markets in the Southeast. The company provides high-speed fiber internet to homes, businesses and multi-tenant communities.
“LiveOak Fiber has achieved rapid expansion in a short period of time,” said Shane Schilling, CEO of LiveOak Fiber. “What differentiates LiveOak Fiber is our fiercely local operating model. We have full-time local teams on the ground delivering installation, support, and community engagement, and with this new funding, we are positioned to accelerate our build-out and continue gaining momentum across our footprint.”
The company says its local approach sets it apart, with full-time teams living and working in the communities it serves. LiveOak Fiber has created more than 150 jobs and is a certified Great Place to Work.
- “This investment enables us to continue to drive lasting value while consistently delivering a premium customer experience across our markets,” said Steve Smith, Founder and Chief Revenue Officer of LiveOak Fiber.
“We’re proud of the platform we’ve built alongside LiveOak Fiber,” said Filip Guz, a partner at InfraRed Capital Partners. “This additional capital is a strong signal of confidence in the team and reinforces LiveOak as a fully integrated growth engine with substantial long-term value.”
The company says its infrastructure is designed to serve communities for decades, supporting everything from remote work and smart home technology to business productivity and evolving AI applications.
One Response
Make sure you get any promises from them in writing and save it. They’ve screwed a lot of people on their price lock for life guarantee. I was promised this and they raised my rates. Had nothing in writing because I conducted my business on the phone when I set it up. They’re no different than Cox. Price is cheap now but in a few years they’ll be just as expensive.