Logix Fiber Networks Gets $100 Million for 5G Growth Initiatives in Texas

Logix Fiber Networks, the largest independent fiber provider in Texas, has secured $100 million in capital commitments. The money will fund key customer-driven growth initiatives, support an accelerated network evolution plan and refinance a portion of its debt. It got backing from partners Astra Capital Management (“Astra”) and funds managed by O’Connor Capital Solutions, the private credit unit of UBS O’Connor.

Logix delivers an enterprise-grade fiber network and comprehensive connectivity solutions. The company serves enterprise and carrier customers with more than 7,000 route miles and nearly 300,000 fiber miles in and between Dallas-Fort Worth, Austin, San Antonio and Houston (“DASH” markets).

Reputation Building at Logix Fiber Networks

Logix’s Craig Collins

Craig Collins is Logix’s CEO.

“We are excited about the growth platform we’ve created and look forward to this new phase in our evolution. This is a critical step in aggressively building upon Logix’s reputation as the premier business fiber provider in Texas and this commitment will help us to continue growing our enterprise and carrier fiber network, expand into new markets, serve more customers, and create value for all stakeholders,” Collins said.

Proceeds will be used to support Logix’s core customer segments through network build and cost rationalization programs. This includes 5G wireless backhaul services, data center support and increased penetration of owned fiber network services throughout the company’s footprint. Coupled with a strong and growing economy in Texas, demand for Logix’s services has increased dramatically in recent years. Wireless carriers race to deploy and support 5G networks. Data center providers offer increased access to cloud services. And enterprises and end users exponentially increase their content consumption, the company said.

Astra’s Mark Johnson

Mark Johnson is managing partner at Astra.

“We believe the Texas market is poised for explosive growth in broadband. We are excited to help Logix and its partners provide these essential services,” he said.