Wave Raises $130 Million To Expand Gigabit Ethernet Fiber Network

Wave raised an additional $130 million to further expand its gigabit ethernet fiber network from northern California to the Canadian border and through certain markets in Oregon and Washington, said a news release from the company Thursday. The cable ISP said it plans to grow its gig-E network into areas surrounding Seattle, Portland and San Francisco with the addition of more than 1,500 route miles of fiber in 2015. Wave also plans to expand residential gigabit Internet service to an additional 10,000-plus residents this year in Seattle, with expansion to San Francisco and other markets this year. It also said it hired an executive and promoted another (see separate report in this issue).