SDC Capital Partners, a global digital infrastructure investment firm, has acquired a majority interest in Cityside Networks, a fiber network operator based in southern California that was founded less than two years ago.
The investments were made through funds that SDC Capital Partners manages.
Cityside Networks offers symmetrical internet speeds “capable of 10 Gbps,” with whole-home Wi-Fi included. The company also offers wholesale fiber products to business customers.
The company calls its offering “simple” and “affordable” and it targets communities that currently have limited high-speed internet options.
According to a press release, the investment will provide Cityside with capital needed for further fiber buildouts.
SDC Capital Partners
SDC Capital Partners has been quite active in the fiber broadband area, having invested in IQ Fiber, Allo Fiber and Fatbeam. Other investments include dark fiber providers Bandwidth IG and Summit IG, as well as several data centers.
While some investment firms prefer to acquire companies outright, SDC more than once has shown a willingness to acquire only part of a company. That’s what it did with IQ Fiber, Allo Fiber, Fatbeam and now Cityside.
“More than just capital, SDC brings a shared vision and deep industry experience that augments our veteran management team,” said Rod Hanson, Cityside Networks co-founder and CEO, in a press release.
Hanson continued with a comment suggesting that Cityside won’t restrict itself to its current market.
“[T]ogether we can bring the next generation of smart infrastructure to communities throughout southern California and beyond,” he said.
