Tillman FiberCo, LLC, a developer and owner of symmetrical gigabit broadband, and Northleaf Capital Partners, a global private markets investment firm, announced last week a strategic partnership.
Funds managed by Northleaf have made an initial investment of $200 million, with the potential to invest up to $300 million more as Tillman FiberCo scales its operations. The investment is designed to enable Tillman to accelerate its open access network with future-forward technologies, systems, and a next-generation network architecture that will deliver essential internet access to both residential and business customers, offering industry-leading symmetrical gigabit broadband internet access service speeds, underpinned by a long-term contract.
Founded in 2021 and based in New York, Tillman FiberCo designs, builds, and owns high-speed internet infrastructure and aims to become a market leader in providing network access on a wholesale basis to enterprises and wholesale customers across all industries. Tillman FiberCo is part of the Tillman Global Holdings portfolio, a holding company founded by Sanjiv Ahuja, which is focused on investing in and operating telecommunications and energy infrastructure businesses in developed and emerging markets.
“We’re delighted to partner with Tillman Global Holdings and the Tillman FiberCo management team, both of which have deep industry relationships and decades of operational expertise,” said Chris Rigobon, Managing Director at Northleaf. “Tillman FiberCo’s wholesale business model, which is supported by a large anchor customer order, ensures the long-term revenue stability that our investors look for in our infrastructure portfolio. This investment is an excellent fit with Northleaf’s communications infrastructure strategy, providing our investors with exposure to an attractive sector while mitigating downside risk.”
“Adding the support of a global investor like Northleaf is a tremendous endorsement of our model and the market opportunity ahead of us,” said Ken Dixon, CEO of Tillman FiberCo. “We’re confident that Northleaf’s infrastructure experience, sector expertise and extensive resources will enable us to accelerate our growth, execute our business plan and ensure the highest quality of service to our customers.”
Reader Interactions