Blue Owl takes majority stake in Dallas-based Gigabit Fiber to fuel network expansion

(UI) — Gigabit Fiber, a Texas-based fiber optic infrastructure provider, has secured a majority investment from funds managed by Blue Owl Capital’s Digital Infrastructure strategy.

The deal is intended to accelerate Gigabit Fiber’s network buildout as demand for high-capacity connectivity grows across data centers, cloud services, and AI operations.

Gigabit Fiber currently operates about 500 route miles of conduit and high-count fiber, linking more than 50 data centers across Texas. Its network spans Dallas-Fort Worth, Austin, El Paso, San Antonio, and South Texas, with expansion planned into New Mexico.

“Over the past decade, I’ve had the privilege of helping shape Gigabit Fiber’s growth as General Manager. I’m honored to step into the role of Chief Revenue Officer as we begin this next chapter with Blue Owl,” said Chris Degelia. “With their support, we will accelerate expansion in South Dallas by adding additional high-count conduit routes and constructing campus-to-campus conduit and fiber connections between data centers.”

CEO Tom Spackman will remain chairman and a material equity owner. He said the company is deploying “next-generation, high-count conduit systems in ring configurations across our metros – networks that serve as the connective tissue enabling our customers to manufacture artificial intelligence at scale.”

Chris Jensen, managing director at Blue Owl, said the firm sees strong customer demand in the region: “Texas and New Mexico continue to be a region of incredible interest for our hyperscale customers, and we look forward to pairing our customer knowledge and data center presence with Gigabit Fiber’s digital infrastructure capabilities.”

Gigabit Fiber will continue to operate independently of Blue Owl’s other fiber investments, Dark Fiber & Infrastructure and South Reach Networks.

Related News

From Archive

• Most Read
• Most Commented