Element8 has secured a $200 million strategic investment from Digital Alpha, an investment firm focused on digital infrastructure, and moved to acquire Oklahoma City–based high-speed internet provider AtLink Services for an undisclosed sum.
E8 and Digital Alpha will execute a growth strategy including organic growth, strategic acquisitions and greenfield network infrastructure expansion. E8 anticipates scaling its investment beyond $200 million in the coming years. E8's initial platform acquisition of AtLink Services marks a major milestone on the company's path to national expansion. E8 plans to expand high-speed broadband internet service to millions of unserved and underserved Americans. AtLink Services, Oklahoma's largest fixed-wireless internet service provider, is one of E8's first platform acquisitions.
Roughly one-quarter of U.S. households do not have home broadband internet connections, and rural and minority communities report even lower rates of adoption