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New network provides ultra-fast and affordable broadband for more than 300 miles across the Alabama Black Belt
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The $230 million project is part of a series of Meridium textile investments totaling $2.7 billion.
Selma, Alabama, March 2, 2024–(BUSINESS WIRE)–Meridium, a leading sustainable infrastructure investment company, today broke ground on an innovative fiber-optic project that will bring broadband access to Alabama’s underserved Black Belt regions. The company will develop, build, finance and manage a high-speed fiber optic network that, when completed, will be able to provide fiber broadband to 53,000 homes and businesses over 300 miles.
Fiber networks are developed and deployed at no cost to local governments and their taxpayers. Yellowhammer Networks, a fiber-to-the-premises network development company owned and financed by Meridiam, is committed to 100% funding the project and will support investments across the region. The total amount he earned amounted to $ 230 million. Yellowhammer also provides strategic, technical and operational support to ensure project success.
Omnipoint will serve as the first ISP partner for the open access network, bringing new high-quality, affordable fiber-optic broadband service to schools, businesses, and homes in Selma, Demopolis, and the Alabama Black Belt. The network will expand to include Bibb, Dallas, Greene, Hale, Marengo, Perry, Sumter and Wilcox counties.
“Meridium is dedicated to closing the gap in critical fiber infrastructure and helping eliminate the disparities that exclude millions of people from the digital world and undermine economic growth for all.” said Nicholas Rubio, CEO of the Americas. “Yellowhammer Networks is determined to ensure that residents in Selma and throughout the region have access to high-speed fiber broadband, regardless of their income level.”
Mayor James Perkins said: “Fast, reliable broadband is no longer a nice-to-have. Today, it’s as important as gas, water and electricity. In an increasingly digital society, we don’t have access to fiber broadband. “Cities are at risk of falling behind.” “It is critical that the City of Selma has access to fiber broadband throughout the city by building the infrastructure, such as utilities, that meets the needs of our residents today and for generations to come.”
The project is part of a series of Meridiam-led investments in digital infrastructure totaling more than $2.7 billion that will connect more than 1.3 million homes, many in rural and underserved areas. Meridiam believes that access to high-speed internet is essential to bridging the digital divide, allowing everyone, regardless of income level, to instantly communicate with others and providing essential services such as education and healthcare. We aim to contribute to a society where people can equally benefit from the services of the world, and where they can develop. business. This includes projects already underway in Bloomington and Central Indiana. Memphis, Tennessee. Alberta, Canada. and all over Europe to Austria, Germany, and Romania.
Since 2005, Meridiam has been committed to delivering sustainable and innovative infrastructure to communities around the world, in line with the United Nations Sustainable Development Goals. Meridiam currently manages more than 120 projects across the Americas, including Europe, Africa and Latin America, with a focus on low-carbon solutions, sustainable mobility and critical public services.
About Meridium
Meridiam is a leading infrastructure developer, investor, and manager committed to delivering sustainable and resilient infrastructure that has a long-term positive impact on communities. Meridiam is a Certified B Corporation™ independent investment firm that develops and finances sustainable infrastructure assets in three core areas: sustainable mobility, critical public services, and innovative low-carbon solutions. , an asset management company specializing in long-term management. With offices in Addis Ababa, Amman, Dakar, Istanbul, Johannesburg, Libreville, Luxembourg, Washington DC, Paris, and Vienna, Meridiam’s current total global capital investments total 80 billion to date across more than 120 assets. reaches USD. Meridium’s diverse investment and project portfolio, extensive track record, and deep industry expertise make it the partner of choice for North America’s public sector. Meridiam currently manages 24 infrastructure assets in the United States, Canada and Chile, with total capital investments exceeding his USD 27.5 billion. Meridiam is ISO 9001: 2015, Advanced Sustainability Rating by VigeoEiris (Moody’s), ISO 37001 Anti-Corruption Certification by AFNOR, and is rated for ESG and impact based on the United Nations Sustainable Development Goals (SDGs). We apply our own methodology.
About Yellowhammer Networks
Yellowhammer Networks is a Selma-based Fiber-To-The-Premises network development company that provides high-speed fiber broadband networks to all residents, businesses, and institutions in Selma, Demopolis, and 15 other West Central Alabama towns. We aim to do so. The company and its partners are experts in the design, construction, installation, operation and maintenance of fiber optic facilities. Design, implementation, and management of projects within the state of Alabama. Implementing a digital equity program. Providing accessible and affordable fiber internet to each community we serve is at the heart of Yellowhammer Networks’ operations. The company’s fiber network will pass through more than 75% of the area’s premises. To ensure access, affordability, and adoption, Yellowhammer Networks partners with local leaders and nonprofit organizations to enroll eligible low-income households in federal broadband benefits. Create access to your tablet or laptop. Provide computer and digital literacy training. Provide professional technical support. Yellowhammer Networks is funded by Meridiam, a global leader in long-term infrastructure investments.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240302461719/ja/
contact address
Prosec: pro-meridiam@prosek.com
Antoine Renoir: +33 6 07 50 75 85 – a.lenoir@meridiam.com
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