Asset-backed securitization (ABS) for fiber companies has recently come into existence and finance partner Christopher Poggi spoke with Fierce Telecom about the benefits of ABS and how Ropes & Gray advises on these complex offerings.
“To isolate the market that a fiber operator wants to securitize, you basically have to take their company apart and put it back together in a group of special purpose subsidiaries,” said Poggi.
In 2023, Ropes & Gray advised Frontier Communications on a $2.1 billion fiber securitization financing, the first public company in the U.S. to secure funds backed by fiber-to-the-home (FTTH) assets.
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