Brightspeed is a privately held telecommunications company owned by funds managed by Apollo Global Management. It began operating in October 2022, when Apollo funds completed the $7.5 billion purchase of Lumen Technologies' incumbent local exchange business in 20 states. The company is headquartered at 1120 South Tryon Street in Charlotte, North Carolina, and has about 4,000 employees.
Brightspeed provides broadband, voice and business network services to rural and suburban communities across the Midwest, the Southeast, Pennsylvania and New Jersey, and is building fiber to homes and businesses in its footprint. Its Ohio local carrier is United Telephone Company of Ohio, a former Sprint and Embarq company.
Brightspeed History:
- In June 2025, Chairman Michel Combes became executive chairman and acting CEO after Tom Maguire retired.
- In October 2022, Apollo funds completed the purchase of Lumen's local exchange business in 20 states.
- Founded in 2022 in Charlotte, North Carolina.