OKLAHOMA CITY (Oct. 17, 2022) – Dobson Fiber, a fiber-optic internet provider and iCON Infrastructure are pleased to announce the closing of the strategic partnership signed on February 14, 2022.
iCON Infrastructure Partners V1 (“iCON V”) will support Dobson Fiber’s $700 million fiber deployment plan across Oklahoma, Arkansas and Texas. The Dobson Family will retain significant ownership of the company and together with iCON V, will continue to support Dobson Fiber’s management team and dedicated workforce with the fiber deployment plan.
iCON V’s investment supports Dobson Fiber’s mission to provide fast, reliable and local fiber-based internet services to underserved residential and business communities with its own 5,000+ route mile fiber optic network that spans across Oklahoma and parts of Arkansas and Texas. Dobson currently offers residential fiber internet services in nine Oklahoma communities and three towns in Arkansas. Dobson Fiber recently announced twelve more fiber network commitments across Oklahoma and Arkansas with additional community commitments announcing soon.
Everett Dobson, Executive Chairman of Dobson Fiber, commented:
“The ability to reach underserved communities with the latest technology is a belief the Dobson management team and employees have valued for over 85 years. The investment allows us to continue this mission to even more areas across the region. We look forward to this partnership with iCON Infrastructure for many years to come.”
Rory Hunter, Partner at iCON Infrastructure, commented:
“We are excited to see the growth and deployment of much needed fiber-based connectivity services to underserved markets in this region and believe Dobson is one of the best in the industry to deliver these services. We have visited local communities including Enid, Weatherford and Waurika where Dobson has deployed fiber optics and know how much of a difference fast and reliable fiber internet services can make to people in these communities.”
Francisco Maella, CEO of Dobson Fiber, commented:
“Our top priorities are to develop the best possible technology solutions that are not only applicable today, but can be ready to handle data needs in the future. Our employees are fully committed to this mission. With the support of iCON Infrastructure, we will accomplish connecting underserved communities who need better access now.”
For further information, please contact:
| Ali Clark, Director of Marketing
Dobson Fiber
|
t: +1 (405) 242-1116
|
| Rory Hunter, Partner
iCON Infrastructure |
t: +1 (929) 226-1447 |
Dobson Fiber owns and operates a 5,000+ mile regional fiber-optic network and provides high-speed internet and voice over internet telephone solutions to residential and business customers in Oklahoma, Arkansas and Texas. Dobson Fiber is an Oklahoma-based and privately-owned telecommunications company. To learn more, visit dobson.net.
iCON Infrastructure LLP (“iCON Infrastructure” or “iCON”) is an independent investment firm which advises c.$8 billion in funds. iCON focuses on equity investments in infrastructure businesses across North America and Europe across a range of infrastructure sectors including telecoms, water, transportation, healthcare, energy generation, distribution and storage. Investments owned by funds advised by iCON include interests in TruVista Communications and Iowa Interstate Railroad in the US; Capstone Power and Vista Services in Canada; Combined Cargo Terminals in the Netherlands; Générale de Manutention Portuaire in France; EGEA, Eco Eridania and Sestrieres in Italy; Born Fiber and Wind Estate in Denmark; Hannover Airport, USG and Strategic Fiber Networks in Germany; Nua Healthcare Services in Ireland; and Choice Care Group, Green Recovery Projects and Vanguard Healthcare Solutions in the UK. iCON Infrastructure is regulated by the Financial Conduct Authority. Further information is available at: www.iconinfrastructure.com.
1 iCON Infrastructure Partners V comprises two parallel limited partnerships, iCON Infrastructure Partners V, L.P. and iCON Infrastructure Partners V-B, L.P. iCON Infrastructure Management V Limited, the managing general partner of each of iCON Infrastructure Partners V, L.P. and iCON Infrastructure Partners V-B, L.P., is licensed by the Guernsey Financial Services Commission. iCON Infrastructure, the investment advisor to the managing general partner, is regulated by the Financial Conduct Authority.
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