- Logix promoted telecom vet Greg O’Connor to CEO as it eyes more enterprise fiber growth
- It’s secured $45 million in new financing to help meet customer demand for bandwidth-intensive applications
- With the extra cash on hand, Logix plans to launch 800G wavelength services
Logix is cranking up its fiber ambitions to prepare enterprise customers for future network demands, thanks to a new CEO and some fresh financing.
Greg O’Connor, Logix’s executive chairman of the board, has been promoted to CEO as the company aims to expand its network of over 300,000 fiber miles. To that end, Logix just scooped up $45 million in new financing from O’Connor Capital Solutions (OCS) as it seeks to “meet the growing demand for bandwidth-intensive applications.”
No surprise at all, given the rise of AI and data center activity has prompted other long-haul fiber players like Lumen and Zayo to invest further into their networks.
In Logix’s case, it will use its extra cash to roll out 800G wavelength services. So far, the company only offers 400G wavelengths, a Logix rep told Fierce, but noted it will “continue to make investments focused on interconnecting data centers with business locations to support the growing demand for AI inference applications.”
800G may be the wave of the future, but the market is ramping slowly due to some challenges, according to Vertical Systems Group, such as “limited availability of services and equipment, as well as protracted lead times for space and power.” Demand for 400G meanwhile is “solidly increasing” from hyperscalers, cloud providers and the like, the firm added.
As the new Logix CEO, O'Connor “will guide deployment of the new capital to extend higher capacity services to the 3,000 buildings we serve today,” said the company spokesperson. He also brings more than 25 years of experience in the wireless and wireline industries across areas like “M&A, organization restructuring, business and technology transformation, network management,” among others.
Prior to joining Logix, O’Connor was COO at Cogent Communications as well as general manager of T-Mobile’s wireline business. He notably was responsible for integrating T-Mobile’s wireline assets (which included the Sprint long-haul network) into Cogent, his LinkedIn profile shows, after Cogent acquired the business in 2023.
As it happens, Logix has a foothold in the wireless space by offering carriers 5G rooftop access and fiber backhaul. The company claims this is a more affordable option for wireless providers because they don’t have to go out and get fiber rights themselves.
We’ll be keeping an eye on Logix’s next moves. For now, the company intends to “add new buildings that are on-route and near-net, expand service to new data centers as they are built and continue to densify our fiber assets in Texas,” the rep concluded.