Swyft Fiber Announces Acquisition Of Significant Portion Of Fastwyre Broadband Footprint

The acquisition expands Swyft Fiber’s high-speed fiber internet capabilities to more customers across rural communities

• Swyft Fiber announces acquisition of Fastwyre’s South-Central high-speed fiber broadband assets
• Swyft Fiber is committed to expanding fiber and fiber-based services to more underserved households, businesses and community anchor institutions in its service areas in Louisiana, Texas and Arkansas.

Swyft Fiber, a leading provider of high-speed fiber internet, today announced it signed a definitive agreement to acquire the South-Central assets of Fastwyre’s fiber broadband footprint. Closing of the transaction is subject to customary conditions, including applicable regulatory approvals.

The acquisition will strengthen Swyft Fiber’s growing fiber network and accelerate its mission to deliver reliable, ultra-fast connectivity to rural communities, where it’s needed most.

Current customers of Fastwyre in the new Swyft Fiber footprint will see no immediate changes to pricing or service after closing.

“With this acquisition, we’re accelerating our mission to deliver high-speed connectivity to additional underserved and rural communities across multiple states. It’s an exciting step and we look forward to welcoming Fastwyre’s customers and employees to Swyft,” said Swyft Fiber CEO Jason Hunt.

“We appreciate the support of our partners in advancing this acquisition, especially Macquarie Asset Management, our lead investor. Their partnership helps make our mission a reality,” said Hunt.

Bank Street Group LLC served as the exclusive financial advisor, and Simpson Thacher & Bartlett LLP served as legal advisor to Swyft Fiber in support of the transaction.