Darrick Zucco, CEO of Omni Fiber, said, "Lit Fiber's network in Ohio is adjacent to our network, and working together will allow our teams to move faster into new markets, operate more efficiently, and serve our customers better” particularly in underserved areas.
Once the network and systems integration activities are completed in early 2025, existing Lit Fiber customers will become eligible for faster speeds (up to 10 Gbps).
Both companies have continued to expand their reach.
Earlier this year, Omni Fiber announced the expansion of its fiber network to nearly 20 new markets in eastern Ohio and western Pennsylvania. Likewise, Lit Fiber launched a collaboration with Lorain-Medina Rural Electric Co-op (LMRE) to provide fiber internet access to every LMRE member in Medina County, Ohio.
Omni Fiber and Lit Fiber are majority-owned by Oak Hill Capital, an investor in fiber-to-the-home technology. Other Lit existing shareholders, including Stephens Capital Partners ("Stephens") and The Pritzker Organization, are remaining shareholders and plan to continue supporting the business.
For related articles, visit the Broadband Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.
