1248 Holdings Acquires Generate Capital's Interest in Ubiquity
1248 Holdings has completed the acquisition of Generate Capital's ownership interest in Ubiquity, a fiber network operator focused on Texas and Nebraska. While the financial terms were not disclosed, 1248 Holdings—an existing founding partner—intends to provide additional capital to drive long-term growth for Ubiquity and its internet service provider brand, FiberFirst. Ubiquity currently serves over 200,000 addresses across high-growth corridors including Dallas-Fort Worth, Austin, and Omaha. Following the transition, Greg Dial has been appointed as CEO of Ubiquity and FiberFirst. The company's operations remain uninterrupted, with existing leadership continuing in key roles to support residential, commercial, and wholesale connectivity services.
Tickers: $UBIQ
Topics: acquisition fiber optics private equity telecommunications