Greenlight Networks To Acquire Loop Internet

T-Mobile Expands Fiber Footprint via Joint Ventures with Oak Hill Capital and Wren House (GoNetspeed/Greenlight Networks; i3 Broadband)

April 29, 2026

Telecommunications

T-Mobile signed definitive agreements for two 50/50 fiber joint ventures to expand its home broadband reach. One partnership with Oak Hill Capital will combine GoNetspeed and Greenlight Networks, while the other with Wren House will acquire i3 Broadband; both are expected to close in 2026/2027 subject to regulatory approvals and customary conditions.

Greenlight Networks To Acquire FastBridge Fiber

November 4, 2025

Telecommunications

Greenlight Networks entered into a definitive agreement to acquire Pennsylvania-based FastBridge Fiber. The deal is expected to close in mid-2026, subject to regulatory approvals and customary closing conditions, and aims to expand Greenlight’s high-speed fiber footprint in Pennsylvania and New York.

Lightpath to Acquire United Fiber & Data Assets

June 10, 2024

Telecommunications

Lightpath has signed a definitive agreement to acquire substantially all of the assets of United Fiber & Data; the deal is subject to regulatory approvals and expected to close in Q3 2024. The acquisition adds a geographically diverse, high-fiber-count 323-route mile long-haul network between New York City and Ashburn, VA, plus a 79-route mile metro network in NYC/NJ, expanding Lightpath's capacity into the Ashburn data center ecosystem and increasing Manhattan serviceable market by over 20%.

Oak Hill Capital Acquires Controlling Interest in Greenlight Networks

March 7, 2022

Telecommunications

Oak Hill Capital will acquire a controlling interest in Greenlight Networks through its Oak Hill Capital Partners VI fund and plans to invest up to $300 million to accelerate the fiber-to-the-home expansion across New York and beyond. Greenlight currently serves approximately 80,000 homes, employs about 160 people, and the transaction is expected to close pending New York State Public Service Commission approval.

FirstLight Acquires BestWeb

June 3, 2020

Telecommunications

FirstLight, a fiber-optic network operator backed by Antin Infrastructure Partners, agreed to acquire BestWeb to deepen its fiber footprint across Westchester, Rockland and Putnam counties, adding approximately 170 route miles of fiber. The deal, announced June 3, 2020, was expected to close in Q4 2020 (and subsequently completed later that year) and expands FirstLight’s capability to serve K-12, enterprise and carrier customers in the lower Hudson Valley.

Duquesne Light Holdings Acquires The Efficiency Network

June 19, 2019

Energy

Duquesne Light Holdings (DLH) has acquired The Efficiency Network (TEN), a Pittsburgh-based provider of customized energy-efficiency and smart-city solutions. FMI Capital Advisors served as exclusive financial advisor to TEN; TEN's leadership will remain in place as the business becomes a platform for DLH to expand its energy-efficiency, distributed generation, and smart street lighting offerings in Pennsylvania and beyond.