Dish sells off its fiber business: What you need to know

Just when we were wondering what’s been going on with Dish, apparently it went and sold its fiber business. Mereo Networks, a bulk broadband provider, announced it acquired Dish’s fiber unit. Dish Fiber is a bulk fiber business launched in 2019 aimed at multi-family communities. According to Mereo, Dish’s fiber biz serves over 25,000 residential units across 33 states. Mereo Networks will rebrand to Mereo Fiber as part of the deal and plans to increase its footprint of over 80,000 residential units to 37 states. Mereo is backed by investment firm Macquarie Capital as well as WaveDivision Capital and Freedom 3 Capital.