Naples firm acquires 45-mile fiber optic project in DC

ROC Venture Group, a Naples-based venture capital and private equity firm with a growing portfolio of AI-related investments, has acquired a 45-mile fiber optic network outside Washington, D.C.  

Financial terms of the deal weren’t disclosed in a statement and officials with the company didn’t respond to email requests for comment. 

The company says the “landmark” fiber optic acquisition is along the Interstate 95 corridor in Maryland and Virginia, “an area that has the highest concentration of data centers and fiber optic needs in the world.” The project, the release states, also “emphasizes faster fiber technology than what currently exists in the area.”