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Meridiam breaks ground on transformative fiber project in Alabama
Investors - MARCH 4, 2024

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Meridiam breaks ground on transformative fiber project in Alabama

by Kali Persall

Meridiam has broken ground on a transformative fiber project that will provide broadband access in Alabama’s underserved Black Belt region.

The firm will develop, build, finance and manage a high-speed fiber-optic network that will enable fiber broadband to 53,000 households and businesses across more than 300 miles.

Yellowhammer Networks, a fiber-to-the-premises network developer owned and financed by Meridiam, has committed to fund 100 percent of the project, totaling $230 million in investment. Yellowhammer also will provide strategic, technical and operational support to the project.

In addition, Omnipoint will serve as the open-access network’s initial ISP partner, bringing new, high-quality, affordable fiber broadband service to schools, businesses and households across Selma, Demopolis and the Alabama Black Belt. The network will extend to Bibb, Dallas, Greene, Hale, Marengo, Perry, Sumter and Wilcox Counties.

“Meridiam is dedicated to fillin

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