Manulife Investment Management Announces Formation of Lakefront Fiber to Serve Hyperscale, Carrier and Municipal Customers
Manulife Investment Management has announced the formation of Lakefront Fiber, LLC, a joint venture with Midwest Fiber Networks (MWFN). The new entity will focus on providing connectivity solutions for hyperscale, carrier, and municipal customers, leveraging MWFN's established position as a regional fiber developer and operator.
Concurrent with its formation, Lakefront Fiber completed its first transaction, acquiring network assets from Everstream in Illinois. This acquisition adds 650 route miles to its network, enhancing its capability to provide high-capacity fiber connectivity across key Midwest markets.
The partnership represents an expansion of Manulife's digital infrastructure strategy, focusing on critical fiber assets backed by long-term contracts with creditworthy counterparties.Manulife Investment Management ha annunciato la creazione di Lakefront Fiber, LLC, una joint venture con Midwest Fiber Networks (MWFN). La nuova entità si concentrerà sull'offerta di soluzioni di connettività per clienti hyperscale, carrier e municipali, sfruttando la posizione consolidata di MWFN come sviluppatore e operatore regionale di fibra ottica.
Contestualmente alla sua costituzione, Lakefront Fiber ha completato la sua prima operazione, acquisendo asset di rete da Everstream in Illinois. Questa acquisizione aggiunge 650 miglia di percorso alla sua rete, migliorando la capacità di fornire connettività in fibra ad alta capacità nei principali mercati del Midwest.
La partnership rappresenta un'espansione della strategia di Manulife nell'infrastruttura digitale, focalizzandosi su asset critici in fibra supportati da contratti a lungo termine con controparti affidabili.
Manulife Investment Management ha anunciado la formación de Lakefront Fiber, LLC, una empresa conjunta con Midwest Fiber Networks (MWFN). La nueva entidad se centrará en ofrecer soluciones de conectividad para clientes hyperscale, operadores y municipales, aprovechando la posición consolidada de MWFN como desarrollador y operador regional de fibra óptica.
Simultáneamente a su creación, Lakefront Fiber completó su primera transacción, adquiriendo activos de red de Everstream en Illinois. Esta adquisición añade 650 millas de ruta a su red, mejorando su capacidad para proporcionar conectividad de fibra de alta capacidad en mercados clave del Medio Oeste.
La asociación representa una expansión de la estrategia de infraestructura digital de Manulife, enfocándose en activos críticos de fibra respaldados por contratos a largo plazo con contrapartes solventes.
Manulife Investment Management는 Midwest Fiber Networks (MWFN)와 함께 Lakefront Fiber, LLC를 설립했다고 발표했습니다. 새 법인은 MWFN이 지역 광섬유 개발자이자 운영자로서 확립한 입지를 활용하여 하이퍼스케일, 통신사 및 지방 자치 단체 고객을 위한 연결 솔루션 제공에 집중할 예정입니다.
설립과 동시에 Lakefront Fiber는 일리노이에서 Everstream의 네트워크 자산을 인수하며 첫 거래를 완료했습니다. 이번 인수로 네트워크에 650마일의 경로가 추가되어 중서부 주요 시장에서 고용량 광섬유 연결 서비스를 강화할 수 있게 되었습니다.
이번 파트너십은 신용도가 높은 거래 상대방과의 장기 계약에 기반한 핵심 광섬유 자산에 집중하는 Manulife의 디지털 인프라 전략 확장의 일환입니다.
Manulife Investment Management a annoncé la création de Lakefront Fiber, LLC, une coentreprise avec Midwest Fiber Networks (MWFN). Cette nouvelle entité se concentrera sur la fourniture de solutions de connectivité pour les clients hyperscale, opérateurs et municipaux, en tirant parti de la position établie de MWFN en tant que développeur et opérateur régional de fibres optiques.
Parallèlement à sa création, Lakefront Fiber a réalisé sa première opération en acquérant des actifs réseau de Everstream dans l’Illinois. Cette acquisition ajoute 650 miles de parcours à son réseau, renforçant ainsi sa capacité à fournir une connectivité fibre à haute capacité sur les principaux marchés du Midwest.
Ce partenariat représente une expansion de la stratégie d’infrastructure numérique de Manulife, axée sur des actifs fibre critiques soutenus par des contrats à long terme avec des contreparties fiables.
Manulife Investment Management hat die Gründung von Lakefront Fiber, LLC bekannt gegeben, einem Joint Venture mit Midwest Fiber Networks (MWFN). Das neue Unternehmen wird sich darauf konzentrieren, Konnektivitätslösungen für Hyperscale-, Carrier- und kommunale Kunden anzubieten und dabei die etablierte Position von MWFN als regionaler Glasfasernetzentwickler und -betreiber zu nutzen.
Zeitgleich mit der Gründung hat Lakefront Fiber seine erste Transaktion abgeschlossen und Netzwerkinfrastruktur von Everstream in Illinois erworben. Dieser Zukauf fügt dem Netzwerk 650 Streckenkilometer hinzu und verbessert die Fähigkeit, hochkapazitive Glasfaserverbindungen in wichtigen Märkten des Mittleren Westens bereitzustellen.
Die Partnerschaft stellt eine Erweiterung der digitalen Infrastrukturstrategie von Manulife dar, die sich auf kritische Glasfaseranlagen stützt, die durch langfristige Verträge mit bonitätsstarken Vertragspartnern abgesichert sind.
- None.
- None.
"We are pleased to partner with MWFN, with whom we have had a long-standing relationship, to support the build-out of Lakefront Fiber's extensive pipeline," said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management.
Lakefront Fiber will facilitate connectivity for hyperscale, carrier and municipal customers, building upon the long-standing relationships established by MWFN's multi-decade position as a leading regional fiber developer and operator.
"This partnership represents the extension of our digital infrastructure strategy into critical fiber assets supported by long-term contracts with creditworthy counterparties," said Eddie Dunn, Managing Director, Infrastructure, Manulife Investment Management.
Nik Ivancevic, Managing Partner of Midwest Fiber Networks, said "Our relationship with the Manulife IM team extends many years, and we are excited to expand MWFN's scale to better serve our customers through Lakefront Fiber."
Concurrently, Lakefront Fiber has also announced the closing of its first transaction, the acquisition of select network assets in the state of
About Manulife Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
About Midwest Fiber Networks
Midwest Fiber Networks designs and delivers secure, high-speed fiber connectivity across the Midwest with a focus on reliability, redundancy, and customer satisfaction. With deep roots in telecommunications infrastructure and decades of experience, MWFN supports mission-critical operations for businesses, educational institutions, healthcare systems, and government entities. Through strategic partnerships and a rapidly growing footprint, MWFN is building the future of fiber—one mile at a time. For more information, visit midwestfibernetworks.com.
Media Contact: Elizabeth Bartlett, Elizabeth_Bartlett@Manulife.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/manulife-investment-management-announces-formation-of-lakefront-fiber-to-serve-hyperscale-carrier-and-municipal-customers-302459043.html
SOURCE Manulife Investment Management
FAQ
What is Lakefront Fiber's first acquisition after formation?
Who are the partners in the Lakefront Fiber joint venture?
What is the main business focus of Lakefront Fiber?
How does this joint venture align with Manulife's (MFC) strategy?
