Ubiquity Secures $420 Million to Expand Open-Access Fiber Networks in Key U.S. Markets
Ubiquity, a digital communications infrastructure developer, has successfully secured a hefty $420 million in green construction financing, paving the way for the expansion of its open-access fiber networks across Texas, California, Arizona, and Nebraska.
This financial boost is a clear nod to the company's rapid growth and its mission to connect more homes and businesses with high-speed internet.
The financing package is split into two key components: a $275 million Green Construction Credit Facility led by Goldman Sachs and Nomura, and an additional $145 million through an upsized Green Revolving Credit Facility, managed by Woodforest National Bank and a syndicate of lenders.
This funding will work in tandem with equity contributions from Ubiquity's existing backers, Generate Capital PBC and 1248 Holdings, reinforcing their confidence in the company's unique business model.
Notably, both facilities adhere to Green Loan Principles and Generate's Green Financing Framework, reflecting a broader push toward sustainability in digital infrastructure.
"Ubiquity has reached a significant financing milestone, further optimizing the Company's capital structure," said Jamie Earp, Ubiquity’s co-CEO and managing partner. "The continued support from investors and lenders will facilitate the efficient deployment of capital into Ubiquity's core markets and delivery of best-in-class broadband to the customers and communities we serve."
Since its founding in 2019, Ubiquity has stood out in the U.S. fiber market, largely due to its open-access model. The company’s networks are designed to serve multiple tenants, delivering both lit and dark fiber services while accommodating a wide range of connectivity demands.
Residential users, enterprises, and carrier backhaul needs are all part of Ubiquity's increasingly competitive offering, a model that stands as both efficient and energy-conscious.
"Since inception, Ubiquity's unique vision and ability to deliver open-access fiber networks at scale continues to deliver value to stakeholders through rapid deployment and customer acquisition," added Ajay Ghanekar, Ubiquity co-CEO and managing partner.
With its expanded funding in place, Ubiquity is well-positioned to build on its momentum. The company’s current footprint includes hundreds of thousands of connected addresses across its four-state core market, a figure that cements its role as one of the largest privately funded fiber builders in the U.S.
This growth trajectory was further underscored by Ubiquity’s recent partnership with AT&T. The agreement allows Ubiquity to add AT&T as a tenant on existing networks and embark on exclusive greenfield builds in new regions, a move that signals even greater market reach in the near future.
Ubiquity’s mission to provide last-mile connectivity aligns with a growing demand for sustainable and efficient broadband solutions.
As more regions benefit from its open-access infrastructure, Ubiquity is not only creating competition but reshaping how digital connectivity is delivered in underserved communities.
In short, $420 million in fresh funding isn’t just a financial win—it’s the fuel behind Ubiquity’s vision of bridging gaps in connectivity with sustainable, future-proof networks.
If recent milestones are any indicator, this trailblazer in open-access fiber has no plans of slowing down.
