Blackstone has backed U.S. fiber-to-the-home provider Hotwire Communications, which delivers internet and telecommunication services to high-rise multi-dwelling units, gated communities and homeowners’ associations across Florida, Georgia and the Carolinas.
Hotwire was previously named the fastest consumer internet provider in the United States by content streaming service Netflix.
The investment was made via funds managed by Blackstone Tactical Opportunities and Blackstone Infrastructure Partners. Blackstone’s Tactical Opportunities platform invests globally across asset classes, industries and geographies. Blackstone Infrastructure Partners is the firm’s permanent capital infrastructure platform, which invests across the transportation, digital infrastructure, energy and water and waste sectors.
“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
