IQ Fiber, a provider of 100% fibre-optic internet, has entered into a definitive agreement to acquire ThinkBig Networks, a Maryland-based fibre-optic internet provider.
The acquisition, backed by additional equity funding from SDC Capital Partners, marks a strategic milestone in IQ Fiber’s expansion plans, the company said in a release.
"We have been impressed by what the ThinkBig Networks team has been able to achieve across its markets in Maryland,” said Ted Schremp, CEO of IQ Fiber.
“We look forward to working with Dee Anna and her team to bring competition, choice, and a streamlined customer experience to even more communities across the Chesapeake Bay Region.”
ThinkBig Networks currently serves customers across Charles, Kent, Queen Anne’s, and Harford counties in Maryland, with further expansion planned.
Its CEO and Co-Founder, Dee Anna Sobczak said: “Joining forces with IQ Fiber will allow us to accelerate our network deployment and leverage the success of a larger platform.
