100% Fiber Internet Provider Receives $235M in Private Credit Financing led by Guggenheim Investments

DAYTONA BEACH, Fla.–(BUSINESS WIRE)–Wire 3, a Florida-based, 100% fiber internet provider, announced today that the company has closed on a new private credit financing totaling $235 million, arranged by Guggenheim Investments (“Guggenheim”) on behalf of certain clients. Together, with commitments from Oak Hill Capital (“Oak Hill”), the company has raised more than $550 million, to-date, further accelerating Wire 3’s commitment to expanding Florida’s fiber internet infrastructure.

This opportunity positions Wire 3 to build upon its rapidly expanding footprint that deploys symmetrical upload and download speeds throughout seven Central Florida counties.

“Our partnerships with strong investors like Guggenheim and Oak Hill afford Wire 3 the ability to provide Floridians a future-proof internet solution,” said Jai Ramachandran, Wire 3 Chief Executive Officer. “Guggenheim’s additional investment signifies the confidence our partners have in the products we deliver and the impact we make as we continue to light more 10 Gbps cities. We look forward to earning the community’s trust while scaling our Floridian-run network.”

“We continue to deliver on our clear and capital-efficient growth strategy. This facility provides additional capital to expand further into attractive markets,” said Jeff Morse, Wire 3 Chief Financial Officer. “The support from Guggenheim and Stonepeak signal their conviction in our ability to execute the opportunities ahead.”

This transaction closed on July 2^nd. Paul Weiss served as the legal advisor to Wire 3 and Oak Hill in connection with the transaction. Paul Hastings served as counsel for Guggenheim.

Founded in 2021, Wire 3 is fully funded by combined investments from Guggenheim Investments on behalf of certain clients and Oak Hill. Oak Hill joined Wire 3 in 2024 as a majority investor.

Wire 3’s position as Central Florida’s exclusive 100% fiber internet provider enables customers to seamlessly integrate cutting-edge technology with symmetrical speeds, free Wi-Fi equipment, and flexible no-contract plans – all designed and built by their local community, for their local community. Wire 3 serves dozens of communities within Volusia, Brevard, Indian River, St. Lucie, Orange, Marion, and Lake County. Interested customers can learn more about Wire 3’s offerings at wire3.com.

About Wire 3:

Wire 3 is Florida’s 100% fiber-based internet provider in Daytona Beach, Florida. Founded in 2021, Wire 3 offers homes and businesses throughout Florida symmetrical, multi-gigabit speeds. Focused on delivering a world-class customer experience, Wire 3 is powered by Floridians who are passionate about bringing communities the future of internet: fiber. For more information on Wire 3, please visit wire3.com.

About Guggenheim Investments:

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners and has more than $349 billion¹ in total assets across fixed income, equity and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 220+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

¹GI Total Assets are as of 3.31.2025 and includes $246.8 bn in GI Assets Under Management (AUM), plus $102.3 bn in non-advisory GI Assets Under Supervision (AUS) for a total of $349 bn. AUM includes leverage of $15.2 bn.

Contacts

Media Contact:
Hattie Martin
hmartin@wire3.com
(270) 929-5943

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