Race Communications (“Race”), a leading Fiber-to-the-Home (FTTH) provider in California, announced today that it has entered into a definitive agreement to acquire Atherton Fiber, the leading FTTH home provider in Atherton, CA and surrounding areas. Atherton Fiber is known for its top-tier network speeds and concierge-style service, making the company a perfect fit to join Race's expanding fiber footprint. The acquisition is currently pending regulatory approval from the California Public Utilities Commission.
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“We are excited to continue the legacy of Atherton Fiber and are fully committed to growing and improving the fiber infrastructure in Atherton and surrounding areas with future-proof speeds and affordable plans,” Race Communications founder and CEO Raul Alcaraz said. “As a California-based internet service provider, this acquisition offers Race an opportunity to expand our footprint and support additional communities in the Bay Area.”
The acquisition is backed by Race's investment partner, Oak Hill Capital, a leading private equity firm with a longstanding presence in California and a local office in Menlo Park. Their continued support enables Race to expand its mission of delivering world-class fiber internet while staying rooted in the communities it serves.
Currently Atherton Fiber offers service to more than 5,000 homes and has over 1,000 subscribers in San Mateo County, California.
Mike Farmwald, Founder of Atherton Fiber, is excited for the company's future, “From the very beginning, Atherton Fiber was built with the goal of delivering fast, reliable internet to our neighbors in the community we love. We've known the team at Race Communications for many years and have always shared the same vision. As fellow Bay Area residents, we're confident that Race will continue to prioritize the needs of Atherton and carry on the values our company was built on.”
Building on that shared vision and commitment to community, Race's Vice President of Sales and Marketing, Kaitlin Colston, emphasized the company's dedication to becoming a trusted partner to Atherton residents. “An important part of our vision as a company is to create lasting bonds with the communities we serve. Race looks forward to becoming a partner to the Atherton community and offering Atherton Fiber customers the exceptional customer experience, unparalleled speeds, and future-focused reliability provided to all Race customers.”
About Atherton FiberEstablished in 2015 by Mike Farmwald and his neighbors frustrated by the poor quality of big box internet providers, Atherton Fiber began as a public/private collaboration resulting in a resilient, next-generation fiber network capable of delivering the fastest internet speeds available. Today, Atherton Fiber is a growing,community-driven company serving homes, schools, and public servants in Atherton and surrounding areas, offering fiber internet at prices accessible to every household.
About Race CommunicationsRace Communications is a leading provider of fiber-to-the-home (FTTH) services, committed to delivering reliable, high-speed internet to communities across California. Founded in 1994, Race has grown to serve hundreds of communities and continues to expand its network to connect communities to what matters most. Race is dedicated to bridging the digital divide and providing cutting-edge technology to all Californians.
For additional information or press inquiries please contact Marketing@Race.com.
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SOURCE Race Communications
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