Macquarie and Ares completed a $600m investment in altafiber.

Macquarie, a global asset manager, and Ares, an alternative investment manager, completed a $600m investment in altafiber, a telecommunications service provider. “Gigabit connectivity is essential to access educational, employment, and healthcare opportunities. Robust fiber networks are also powerful economic development tools for business attraction and retention in growing municipalities. The combination of our operational expertise and this new funding will allow us to continue to invest in fiber, expand our geographic reach, and help to create digital equity in many rural and suburban communities,” Leigh Fox, altafiber President and CEO.