LiveOak Fiber Secures Additional Funding to Expand High-Speed Broadband Access [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Yahoo! Finance
BRUNSWICK, Ga., September 03, 2024 BUSINESS WIRE LiveOak Fiber (LiveOak), a regional broadband service provider founded in 2022, is pleased to announce it has secured additional funding through a co-investment partnership between InfraRed Capital Partners and MEAG , the Asset Manager of Munich Reinsurance Company ("Munich Re") and its wholly owned direct and indirect subsidiaries (collectively, the "Munich Re Group"). This co-investment commitment has been granted to LiveOak for clients managed by MEAG. This new investment will further support LiveOak's mission to deliver high-speed broadband to underserved markets in the southeast United States. Since its founding in June 2022, LiveOak Fiber has made significant strides in bridging the digital divide across Florida and Georgia. The company has already completed more than 50% of its planned network builds in Northwest Florida, signaling its commitment to expanding its reach. In total, it has deployed more than $200 million in inves
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