Milbank is advising iCON Infrastructure in connection with its entrance into a strategic partnership with Dobson Fiber in which iCON Infrastructure Partners V will support Dobson Fiber’s $700 million fiber deployment plan across Oklahoma, Arkansas and Texas.
The transaction, which is expected to close in the third quarter of 2022, will support the deployment of much-needed fiber-based connectivity services to underserved markets in the region.
iCON Infrastructure is an independent investment firm with c.$5 billion in funds under management. iCON focuses on equity investments in infrastructure businesses across North America and Europe across a range of infrastructure sectors including telecoms, water, transportation, healthcare, energy generation, distribution and storage.
Dobson Fiber owns and operates a 4,900+ mile regional fiber-optic network and provides high-speed internet and voice over internet telephone solutions to residential and business customers in Oklahoma, Arkansas, and Texas.
“We are pleased to have advised iCON Infrastructure in the structuring and formation of this strategic partnership with Dobson Fiber. We are excited by the future growth opportunities for Dobson Fiber now that it has entered into this strategic partnership with iCON,” said Milbank partner John Franchini.
Milbank partner Aaron Stine added: “This transaction will support Dobson’s Fiber’s plans to deploy much-needed fiber-based connectivity to local communities across Oklahoma, Arkansas and Texas.”
The Milbank deal team was led by Global Corporate partners John Franchini and Aaron Stine, along with associates Evelyn Liristis, Bianca Prikazsky and Zachary Young. The team also included Transportation and Space partner Patrick Campbell.
