Kingston, New York – November 30, 2022 – Post Road Group, a private market investor focused on telecommunications infrastructure, media, technology, business services, and real estate, plans to invest up to $350 million in Archtop Fiber, a provider of symmetrical multi-gig 100% fiber Internet and phone service to residential and business customers across the Northeast U.S., with a focus on historically underserved and overlooked communities.
Post Road Group’s commitment has accelerated Archtop’s XGS-PON fiber network expansion project, starting with the recently announced Town / Village of Saugerties and continuing with the City of Kingston, Town of Ulster, and many others to be announced. The new fiber-to-the-home network is being built to support today’s multi-gig standards with the ability to scale for future multi-100-gig and multi-terabit capacity as needed. Spanning from the eastern Pennsylvania border to western Massachusetts, Archtop’s network is expected to reach over 500,000 households and local businesses, bringing tech-driven opportunities, economic growth, and jobs along with it.
“Post Road Group has a deep and long-standing relationship with the experienced leadership team at Archtop Fiber. Their track record speaks for itself, with decades of success developing world-class fiber networks throughout underserved markets domestically and internationally. We are proud to play a role in advancing Archtop’s mission and driving the team’s transformative and meaningful work forward,” said Andrew Runk, Managing Director at Post Road Group. “With this investment, Archtop can give overlooked communities the long-awaited Internet access they deserve. From businesses to schools to hospitals and beyond, Archtop’s fiber network will bring much-needed connectivity to transform just about every aspect of daily life.”
“The partnership we have formed with Post Road Group strengthens our fully-funded business strategy to deliver world-class, symmetrical, multi-gig Internet and phone services across a 100%-fiber network,” said Jeff DeMond, Chairman and CEO of Archtop Fiber. “Post Road Group is quickly growing its portfolio of fiber-to-the-home and related digital infrastructure and service businesses, and their dedication to advancing fiber broadband will empower Archtop to grow its presence across the Northeast and beyond.”
In addition, the investment demonstrates Archtop and Post Road Group’s commitment to the advancement and reinvigoration of local communities by working closely with local leaders and businesses to meet their unique connectivity needs.
“We are truly invested in the communities we serve,” added DeMond. “We take great pride in working with local businesses, employing local team members, and becoming an integral tech partner and neighbor to provide underserved areas with new and unlimited possibilities that, before now, were unattainable.”
To learn more about Post Road Group, visit www.postroadgroup.com. For more information on Archtop Fiber’s business strategy and upcoming markets and services, visit www.archtopfiber.com.