Wi-Fiber Raises $50 Million for Fiber Internet Expansion in Cache Valley

Cache Valley, UT – 10/31/2024 – Wi-Fiber, Inc. ("Wi-Fiber"), Northern Utah's leading internet provider, has secured $50 million in funding from Metropolitan Partners Group Management, LLC ("Metropolitan") to significantly upgrade its internet service and expand into new areas in Northern Utah and Southern Idaho. The investment will upgrade services, support the rollout of advanced fiber infrastructure, and pursue strategic acquisitions, allowing Wi-Fiber to deliver faster speeds and greater reliability for residents and businesses.

Michael Crapse, Wi-Fiber's CEO, stated, "This partnership preserves our majority ownership of our local company, which will allow us to continue doing what's best for our customers and have the funds to build better infrastructure. We look forward to continuing our Fixed Wireless Access buildouts to reach the rural areas with better services. With our anticipated partnership with the State of Utah for BEAD funds, our top priority is to expand internet access to underserved areas."

"We are honored to support the Wi-Fiber team," added Richard Lin, Managing Director at Metropolitan, "we are impressed by their ability to offer quality broadband paired with exceptional customer service at affordable prices, and look forward to their next phase of growth."

For more information about upcoming service enhancements and partnership opportunities, visit Wi-Fiber’s website at www.wi-fiber.io