Oak Hill Capital Acquires Majority Stake in Wire 3

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.

Oak Hill Capital Makes Majority Investment in Lit Communities to Accelerate Fiber Expansion

May 4, 2023

Telecommunications

Oak Hill Capital committed $150 million in primary capital for a majority investment in Lit Communities to fund expansion of Lit's fiber-to-the-home networks in unserved and underserved U.S. communities. Existing shareholders including Stephens Capital Partners, The Pritzker Organization and Lit management remain shareholders; the funding will support construction to reach more than 200,000 locations over the next few years.

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.

Oak Hill Capital Acquires Otelco Inc.

March 31, 2021

Telecommunications

Oak Hill Capital, through an entity formed by the firm, agreed to acquire Otelco Inc. for $11.75 per share (approximately $40.6 million equity purchase price) with an enterprise value of about $105.6 million. The deal, announced July 27, 2020, closed March 31, 2021; Oak Hill intends to accelerate Otelco’s fiber-to-the-premises deployment and combine Otelco with its fiber investments GoNetspeed and Lantek to expand fiber network capabilities and geographic reach.

Oak Hill Capital Invests in NetSpeed LLC to Accelerate Northeast Fiber Deployment

January 21, 2021

Telecommunications

Oak Hill Capital has formed a partnership with NetSpeed LLC to provide capital and support to accelerate NetSpeed's expansion of fiber-to-the-premises networks across the Northeastern United States. NetSpeed's founder Frank Chiaino and management remain significant investors in the business while Oak Hill will contribute operational and financial expertise to scale deployments.

Oak Hill Capital Partners with Race Communications to Accelerate California Fiber Expansion

November 4, 2020

Telecommunications

Oak Hill Capital has entered into a definitive agreement to form a partnership with Race Communications, a family-owned fiber-to-the-premises operator, to accelerate expansion of Race’s fiber network across California. The deal (subject to customary regulatory approvals) will support Race’s plans to extend high-speed fiber-to-the-home services to additional unserved and underserved communities while Race’s management team remains in place.