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Article: PF.Net Secures $125 Million Equity Investment Led By Odyssey Investment Partners.
- Article from:
- Business Wire
- Article date:
- November 1, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHOUGAL, Wash.--(BUSINESS WIRE)--Nov. 1, 1999--
PF.Net, a communications company recently formed to construct a nationwide fiber optic network, announced today that it has secured a $125 million equity investment from a group led by Odyssey Investment Partners LLC, a New York-based firm. The investment positions PF.Net to take advantage of growth opportunities afforded by the explosive growth in bandwidth demand.
John Warta, co-founder and director of PF.Net, sees the relationship as the gateway to success in the booming telecommunications market. "Odyssey has a successful record of investing in companies with unique growth opportunities driven by ...