$14 Million Dollars of Community Capital Now Available for New Fiber-to-the-Home Development Across the U.S.
Seattle, Washington (April 17th, 2018) — GigabitNow, a division of IsoFusion, a leading provider of internet access and IT services in the Pacific Northwest, announced today that the Benaroya Companies have made an equity investment in IsoFusion and will also provide $14 million dollars in project financing capital which allows GigabitNow to significantly expand its operations. GigabitNow’s new in-house financing capabilities will allow it to expedite its network construction financing for private communities and municipalities in the U.S. including the initial costs of network development and deployment.
“Over the last few years, we have seen many underserved communities, essentially abandoned by the larger Internet Service Providers (ISPs), causing them to be forced to live without the advantages of high- speed fiber broadband.” said Stephen Milton, CEO of GigabitNow. “This investment and our continued expansion in the western United States allows us to continue our efforts to bring fast, reliable, fiber Internet connectivity to private communities and municipalities who can benefit from it most.”