Point Broadband is going to receive strategic investment from funds affiliated with GTCR, a private equity firm, to expand the reach of its FTTP network. The financial terms of the transaction were not disclosed. Founded in 2017, and headquartered in West Point, GA, Point Broadband provides fiber-to-the-premise ("FTTP") high-speed data ("HSD") services to residential and business customers in select markets east of the Mississippi River. In addition to operating its existing network, Point is actively expanding its footprint via new FTTP builds in near-adjacent markets. In partnering with GTCR, Point Broadband will accelerate its ongoing network expansion in order to provide fiber-based broadband to underserved communities.
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