PRIME FiBER signs agreement with AT&T for the provision of wholesale fiber broadband services in Naples and Bonita Springs, Florida

PRIME FiBER, a commercial open-access fiber infrastructure company, has signed an agreement with AT&T for the provision of wholesale fiber access services, starting in Bonita Springs and Naples, Florida.

PRIME FiBER was established in late 2023 and operates as the wholesale open-access sister company to NOVOS FiBER, a retail fiber-to-the-home (FTTH) company serving residents and small businesses. The business is backed by InLight Capital, a private investment firm based in Sugar Land, Texas.

"High-speed fiber internet connectivity changes everything," said Erin Scarborough, Senior Vice President of Consumer Product at AT&T. "Our relationship with PRIME FiBER will open up opportunities for us to serve even more customers and communities with world-class fiber broadband and 5G wireless offerings."

PRIME FiBER CEO, Andrew Snead, commented on the recent news, saying, "We're delighted to have AT&T as an anchor tenant on our wholesale open-access platform. Work is well underway in Florida, where we're planning to invest over $50 million. We're also excited by the prospect of providing fiber access in additional locations outside of AT&T's existing footprint."

George Karatzis, who joined PRIME FiBER in 2023 as its Chief Build Officer went on to say, "We're proud to have AT&T as a customer on our planned open-access network in Bonita Springs and Naples. They're a leader in the converged space and our platform will allow them to offer high-speed and reliable fiber internet to residents and businesses across the local community." 

About InLight CapitalInLight Capital, LLC ("InLight") is a private investment firm based in Sugar Land, Texas. InLight's permanent capital base allows us to pursue an objective of long-duration compounded capital growth. InLight maintains flexibility and discretion of the amount, duration, and objectives of its invested capital, allowing for efficient decision-making and strategic alignment with all stakeholders. InLight invests across two primary verticals: private investments and real estate.