Sponsored By

Ziply Fiber raises $450M more for network expansions in Northwest US

In addition to raising more cash for its expansion in the Northwest, Ziply Fiber also updated its exec team. #pressrelease

September 8, 2022

1 Min Read

KIRKLAND, Wash. – Ziply Fiber ("Ziply") today announced $450 million in new funding to support its ongoing fiber network expansion in the Northwest. In its first two years of operation, the company upgraded its copper network to fiber in more than 80 markets across its four-state footprint with many more in the pipeline. In addition to continuing to upgrade its current footprint, these new funds will enable the company to expand its edge-out strategy and deliver on its mission of elevating people's connected lives, every day.

Helping drive this new phase of growth for the company are two new executive appointments. Chris Denzin, who has led the Residential and Small Business teams, has been named Ziply Fiber's new Chief Operating Officer. He will oversee residential and commercial sales, customer care, field operations and product development. Chris has built a career as a leader in the telecommunications industry in Arizona, Colorado, Oregon and Washington before joining Ziply Fiber.

The company also promoted Rob Griffith to the new position of Chief, Fiber Design and Construction to oversee all fiber expansion. With Rob's extensive background in engineering, construction and operations as a construction company leader and telecommunications executive leading fiber enablement across the western U.S., he brings tremendous experience to this critical role.

All current Ziply Fiber investors participated in this new funding round including WaveDivision Capital, LLC (WDC), Searchlight Capital Partners, L.P. (“Searchlight”), Public Sector Pension Investment Board (“PSP Investments”), British Columbia Investment Management Corporation (“BCI”) and Canada Pension Plan Investment Board (“CPP Investments”).

Read the full announcement here.

Ziply Fiber

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like