LiveOak Fiber to invest $60 mn to build fiber optic network

LiveOak Fiber, a regional broadband service provider, will be investing $60 million to build a high-speed fiber optic network in Glynn County.
LiveOak Fiber’s network will provide fiber-based broadband internet with 10G per second – the fastest speeds in the U.S.

A 2021 research report from BroadbandNow estimated at least 42 million Americans lack access to broadband internet. According to the report, 1,848,422 Georgians also lack access to reliable broadband internet. Glynn County faces some of these biggest challenges.

Jody Craft, President of LiveOak Fiber, said: “Construction on the project is planned for later this year. LiveOak expects to begin connecting their first customers as early as February 2023. With plans and commitments to hire locally, they expect the project to create 50 new jobs in the County over the next three years.”

LiveOak Fiber has received an initial $150 million investment from InfraRed Capital Partners to build the fiber network in Glynn County, Georgia and Okaloosa County, Florida.

LiveOak Fiber was formed by industry veterans Jody Craft, Steve Smith, and Robert Johnson, who serve as President, Chief Revenue Officer, and Chief Development Officer, respectively. The company will begin construction in Q3 2022 and plans to offer initial services in Q1 2023.