IQ Fiber in Florida said it will acquire fellow fiber network operator ThinkBig Networks, LLC, in Maryland, as part of its expansion plans. #pressrelease
November 22, 2024
IQ Fiber, a Jacksonville, Florida based provider of 100% fiber-optic internet service, announces it has reached a definitive agreement to acquire ThinkBig Networks, LLC, a Maryland-based provider of 100% fiber-optic internet service. The acquisition marks a significant milestone in IQ Fiber's continued expansion and is backed by additional equity funding from SDC Capital Partners.
ThinkBig Networks currently serves customers in Charles, Kent, Queen Anne's and Harford counties in Maryland with additional expansion planned.
The transaction is subject to regulatory and other approvals and is expected to close in the next several months.
IQ Fiber's 100% fiber-optic network, which is currently deployed across North Florida and is under construction in Savannah, Georgia, is capable of symmetrical speeds of up to 10 gigabits per second ensuring customers can meet the growing demands of modern internet usage.
Read the full press release here.
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