Two Firms Lead iCON’s Investment in Dobson Fiber Deployment Plan

Milbank is advising investment firm iCON Infrastructure on its agreement to acquire a stake in Dobson Fiber to support its plan to deploy fiber connectivity services in underserved markets across Oklahoma, Arkansas and Texas.

Mayer Brown represented Oklahoma City-based Dobson Fiber on the transaction, expected to close in 2022’s third quarter. It calls for iCON Infrastructure Partners V, a private equity fund, to acquire a stake in Dobson to support the broadband company’s $700 million plan to deploy high-speed internet services in the region.

The Dobson Family will retain significant ownership of the company and, with iCON V, will continue ...