Meridiam has broken ground on a $230 million fiber infrastructure project in Selma that will bring broadband across more than 300 miles of Alabama’s Black Belt.
The company is building a high-speed fiber-optic network that it says will enable fiber broadband to 53,000 households and businesses.
Yellowhammer Networks, a network developer owned and financed by Meridiam, is funding 100% of the project.
“Meridiam is dedicated to filling critical fiber infrastructure gaps and helping eliminate the divide that excludes millions of people from our digital society and compromises economic growth for all,” said Nicolas Rubio, CEO for the Americas, Meridiam. “Yellowhammer Networks is determined to make high-speed fiber broadband accessible to residents throughout Selma and the region regardless of their income levels.”
The Selma project is part of a series of Meridiam investments, totaling more than $2.7 billion, that will connect more than 1.3 million homes around the country, many in rural and underserved areas.
Meridiam is headquartered in Washington, D.C.
