WaveDivision Raises Massive, $1.052 Billion Round

Kirkland-based WaveDivision Holdings, the provider of broadband fiber networks to the business and residential market, has raised a giant, $1.052 billion funding round, the firm said today. The company said the round included substantial equity from Oak Hill Capital Partners and GI Partners, along with bank and high yield debt from Deutsche Bank and Wells Fargo. WaveDivison Holdings said it will use the new funding to support its growth on the West Coast. WaveDivision currently provides fiber optic and broadband service in Washington, Oregon, and California, running the Wave Broadband and Wave Business Solutions brands. It also runs colocation facilities and offers wide area network connectivity. Wave is led by Steve Weed. More information »