Gigabit Fiber secured a majority investment from Blue Owl Capital’s Digital Infrastructure strategy to accelerate fiber expansion across Texas and New Mexico. Based in Dallas, Gigabit Fiber owns and operates about 500 route miles of conduit and high-count fiber, connecting more than 50 data centers in major metros including Dallas-Fort Worth, Austin, El Paso, San Antonio, and South Texas. The funding will fuel deeper deployments of high-capacity, ring-based conduit systems designed to support hyperscale data center interconnect and AI-driven workloads.
The company will continue to operate independently of Blue Owl’s other fiber holdings, Dark Fiber & Infrastructure and South Reach Networks. Tom Spackman will remain Chairman and CEO, while Chris Degelia transitions from General Manager to Chief Revenue Officer. The expansion plan includes new high-count routes in South Dallas and campus-to-campus interconnects between data centers, positioning Gigabit Fiber as a key enabler for hyperscalers manufacturing AI at scale.
Chris Jensen, Managing Director at Blue Owl, highlighted Texas and New Mexico as priority regions for hyperscale infrastructure growth. Bank Street Group advised Gigabit Fiber on the deal, with Polsinelli PC and Akin Gump Strauss Hauer & Feld LLP providing legal counsel.
- Gigabit Fiber owns 500 route miles of conduit and fiber
- Connects 50+ data centers across Texas metros
- Expansion planned into New Mexico with Blue Owl’s backing
- Independent from Blue Owl’s other fiber assets
- Tom Spackman continues as CEO; Chris Degelia named CRO
“We are deploying next-generation, high-count conduit systems in ring configurations across our metros – networks that serve as the connective tissue enabling our customers to manufacture artificial intelligence at scale,” said Tom Spackman, Chairman and CEO, Gigabit Fiber.
🌐 Analysis: This deal underscores the surge of investment into regional fiber operators positioned near hyperscale data center clusters. With Dallas and South Texas emerging as AI and cloud hotbeds, Gigabit Fiber’s expansion mirrors moves by providers like Zayo, FiberLight, and LOGIX to secure interconnect dominance in high-growth corridors. Blue Owl’s multi-asset fiber strategy reflects investor appetite for infrastructure that directly supports hyperscale and AI workloads.
Blue Owl Capital Inc. (NYSE: OWL) is an alternative asset manager headquartered in New York City, focused on providing permanent capital solutions through private credit, GP strategic capital, and real estate platforms. Formed in 2021 through the merger of Owl Rock Capital Group and Dyal Capital Partners, the firm has grown rapidly to become one of the largest players in the alternative investment space. Blue Owl is led by co-CEOs Marc Lipschultz and Doug Ostrover, both veterans of the private equity and credit industries, with Michael Rees serving as Head of the GP Strategic Capital platform. The company manages over $170 billion in assets (as of 2025), offering direct lending, minority equity stakes in alternative managers, and sale-leaseback real estate solutions.
