Today, funds managed by Blackstone Tactical Opportunities and Blackstone Infrastructure Partners (collectively, "Blackstone") announced an investment in Hotwire Communications ("Hotwire"), a leading provider of fiber-to-the-home in the United States. Co-founded in 2000 by Michael Karp and CEO Kristin Johnson, Hotwire's 100-percent fiber network helps deliver cutting-edge internet and telecommunication services to high-rise multi-dwelling units, gated communities, and homeowners' associations across Florida, Georgia and the Carolinas. Hotwire has previously been named by Netflix as the fastest consumer internet provider in the country and has industry-leading consumer satisfaction scores. Jasvinder Khaira, a Senior Managing Director with Blackstone Tactical Opportunities, said: "We are proud to back this team of world-class technology entrepreneurs at Hotwire. Consumers are increasingly seeking state-of-the-art fiber connectivity to meet their growing need for connected devices in their homes, and we believe Hotwire is exceptionally well positioned to capitalize on this rising market demand. We look forward to leveraging Blackstone's scale to turbocharge Hotwire's growth with further investment."
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