UTOPIA Fiber provides fiber-to-the-home services in 15 cities and business services in 50. We continue to have the best partners in the business, who have worked tirelessly to get us to this point,” he added. “The $52.5 million provides the capital to build out the remaining areas of our original 11 cities and to add customers throughout our coverage area. “What we’re seeing with this latest round of funding is stronger-than-ever demand for high-speed fiber networks,” said Roger Timmerman, UTOPIA Fiber’s executive director. Since 2011, the majority of UTOPIA Fiber’s growth has come from its synergistic relationship with UIA, designing, financing, building, and operating state-of-the-art ultra-high-speed fiber-broadband networks, firmly securing its position as the largest publicly-owned Open Access fiber network in the United States. (Senior Managing Underwriter), and Gilmore & Bell (Bond and Disclosure Counsel).
(Financial Advisor), KeyBanc Capital Markets, Inc. UIA secured the latest round of funding in partnership with Lewis Young Robertson & Burningham, Inc. This is the third round of financing UIA has secured recently, attracting $113 million in the last 14 months. Although legally separate entities, UTOPIA and UIA functionally operate as one integrated system and both are marketed as UTOPIA Fiber. Utah Infrastructure Agency (UIA) is a sister agency to UTOPIA Fiber. MURRAY, Utah-( BUSINESS WIRE)-UIA (Utah Infrastructure Agency) has just completed its latest round of funding that will infuse the UTOPIA/UIA network with $52.5 million for the expansion of its network.
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