Bain Capital, Tillman invest $1.5 billion in Eaton Fiber to expand Verizon broadband footprint

Reuters2026/07/29 16:37

By:Reuters

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Bain Capital agreed to invest USD 1.5 billion in Eaton Fiber, a Tillman affiliate building wholesale fiber networks to extend Verizon broadband beyond its current footprint.
Funding backs Eaton Fiber’s acquisition of Ripple Fiber, a 100% fiber-optic internet provider and network operator, as the first step in a buy-and-build plan.
Eaton Fiber targets more than 1 million new fiber locations over the next few years, with Verizon as exclusive retail provider for residential and small business services.
Verizon will acquire Ripple Fiber’s existing customers during the transition, with a small portion of adjacent network assets in North Carolina and South Carolina.
Deal expected to close before end-2026, subject to regulatory approvals; committed debt financing arranged by Societe Generale, SMBC, Future Standard Digital Infrastructure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bain Capital Private Equity LP published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bain Capital, Tillman invest $1.5 billion in Eaton Fiber to expand Verizon broadband footprint

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