Oak Hill Capital Closes Majority Stake Investment in Greenlight Networks.
MANews-(C)2009-2022
New York-based middle-market private equity firm Oak Hill Capital has become US-based fiber-to-the home provider Greenlight Networks' majority investor, the firm said.
The transaction announced in March of this year provides the financial backing to accelerate Greenlight's growth in building and connecting fiber-to-the-home broadband services across New York state and beyond.
Oak Hill announced plans to invest up to USD 300m to expand Greenlight's network from nearly 90,000 homes today to more than 800,000 homes in the next few years.
Greenlight Networks is an ultra-high-speed, broadband service provider, offering residential and small business customers Internet speeds up to 2 Gigabits...
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