Welcome to Capital Insights Edition One
Over the past twelve months, Stefanov Capital has grown its advisory team, closed transactions, deepened technology partnerships, and shown up at the industry events that matter most to the operators and investors we serve.
Capital Insights is our way of keeping you inside that story, not as a marketing exercise, but as a genuine commitment to transparency with the clients, counterparts, and community we have been building alongside.
In this inaugural issue you can expect: Q1 re-cap, a look at our conference season, the leadership additions who have reshaped our capability, mergers & deals worth celebrating and an important technology partnership that is changing how we advise clients on network valuation and design.
Special thanks to those who have joined us for this first quarter.
Micky Stefanov, CEO
On the Road
Conference season at the conclusion of Q1
The first half of 2026 has taken our team from Nashville to Fort Lauderdale to the heart of the ISP community.
Three marquee events, multiple speaking engagements and one industry dinner.
Here is where we have been and what we brought to the room:
FISPA Live — Nashville, TN
CEO Micky Stefanov took the stage as a featured speaker, joining conversations with the fiber and ISP community on valuations, market positioning, and what separates a transaction that closes well from one that leaves value on the table.
Metro Connect USA — Fort Lauderdale, FL
Stefanov Capital hosted a private dinner for a curated group of infrastructure leaders, investors, and operators. This event that reflected how we build in this industry across the country.
ISP America — Tarana Wireless Panel
Micky presented on FTTP valuations, how Tarana wireless technology impacts deal multiples, and what it means to evaluate an ISP from the vantage point of an institutional acquirer.
“Thanks to Micky and the Stefanov Capital team. The response to your presentation was very positive and I know that the ISP community found it super informative.”
– George Hellmuth, Lead of North American Sales at Tarana Wireless
Leadership
Four New Additions. One Stronger Advisory Team.
Since March 2025, Stefanov Capital has welcomed four professionals whose backgrounds span operations, capital markets, FTTP infrastructure, and marketing. Each brings something the firm needed. Together, they represent a step-change in what we can deliver.
Jeffrey Stefanov
Partner & Chief Operating Officer
Joining the firm in March of 2025, Jeffrey is nearing one year at Stefanov Capital. Jeffrey led global operations for seller experience and technology at PayPalwhere he drove company-wide sales strategy transformation and implemented technologies that elevated the client experience at scale. With more than a decade in operations leadership, complemented by consulting and sales, Jeffrey brings a discipline to how we run engagements that our clients feel in every interaction.
Sydney Atkins
Partner & Chief Investment Officer
Sydney joined the firm in September 2025 with a career that spans Goldman Sachs , Ellevest , Boston Omaha Corporation Asset Management (NYSE: BOC), and a stint as Lead Independent Director of Yellowstone Acquisition Company (NYSE: YSAC). She holds an MBA from MIT Sloan School of Managementand brings a rare combination of institutional capital markets expertise and operating judgment to our clients’ most complex financing and transaction decisions.
Landon Morrison
Marketing Director
Landon Morrison began working with Stefanov Capital in December of 2025. His background brings a skillset that bridges design, brand strategy, and technology. A proud alumnus of Miami University, Landon received his bachelor’s of Emerging Technology in Business and Design and Masters in Entrepreneurship & Emerging Technology. Landon’s experience includes a Business Architecture internship at Chipotle Mexican Grill (CMG), Communications and graphic design internship for the U.S. State Department and marketing consultant to Lyceum AI. While in these roles he also served on a range of steering committees and advisory roles with the Miami University Student Foundation and Miami University College of Creative Arts. At Stefanov Capital Landon leads all content, brand, and communications and AI strategy.
Stephen John
Head of FTTP Consulting & Senior Advisor
Our most recent addition to our group, Steve brings more than four decades of executive leadership in broadband and wireless infrastructure. He co-founded American Broadband / UNSi, scaling it to $70M in revenue before a successful exit to GTT Communications; led Charter’s business services launch; and served as President & CEO of Westell Technologies (NASDAQ: WSTL). His role at Stefanov Capital is to close the gap between how fiber operators run their businesses and how institutional buyers underwrite them.
Transaction Spotlight
Deal’s Worth Noting
Transactions close quietly. We believe they deserve a moment of acknowledgment — both for the clients who trusted us with the work and for the operators who built something worth acquiring.
Wi-fiber acquires HC Wireless
Serving as exclusive advisor to HC Wireless, Stefanov Capital assisted in the acquisition bringing Wi-Fiberto the Texas market.
“Expanding into Texas has been a strategic priority for us, and HC Wireless is the right partner to lead that effort,” said Mike Crapse, CEO of Wi-Fiber. “Their reputation across the Hill Country makes this a strong first step as we establish our presence in the state.”
The company will operate as HC Wireless by Wi-Fiber, aligning HC Wireless’s strong community presence with our operational support and long-term investment.
Chisholm Broadband Merges with Provalue and Airosurf Internet
Stefanov capital assisted in the merger of Airsosurf(September 2025) and Provalue (December 2025) with Chisholm Broadband, helping close the digital divide across the state of Oklahoma.
“This merger is more than just a business deal; it’s a commitment to providing our neighbors with the best possible connectivity while maintaining the local values that have always defined us.”
– Brian J. Lamoreaux President and CEO
Technology Partnership
Working with Biarri Networks
Sound advisory requires the right tools. We are proud to be working with Biarri Networks — a global leader in fiber network design and planning — to integrate their technology into how we advise clients.
Biarri’s FOND platform delivers optimized fiber network design up to 25x faster than traditional methods, with precise cost estimation and GIS-integrated planning. By incorporating Biarri’s tools into our advisory process, we are able to give clients — and the buyers evaluating them — a clearer, more defensible picture of network economics, construction cost basis, and long-term design quality.
This partnership reflects a commitment we have made: when we represent a fiber operator in a transaction, we want to present their network with the same precision that sophisticated acquirers use to underwrite it. Biarri helps us do exactly that.
“We’re proud to work alongside Stefanov Capital to help broadband leaders better understand their markets and make smarter strategic decisions. By integrating Biarri’s Market Lens capability into their advisory services, Stefanov Capital is able to deliver deeper market visibility and more informed strategic guidance to their clients.”
What’s Ahead
The Road Continues: Remaining Conference Season
Conference season is far from over. The second half of the year brings three events we are actively planning for. Attendance at each is subject to scheduling, but these are the rooms we are working to be in.
We will confirm attendance and any speaking roles as schedules are finalized. If you will be at any of these events, reach out, we would welcome the chance to connect in person.
Closing
This Is What Forward Looks Like
A year ago, Stefanov Capital was a smaller firm with a clear vision and a growing reputation. Today, that vision is even bigger— in the team we have built, the transactions we have closed, the partnerships we have formed, and the conversations we are having at the highest levels of the ISP and fiber broadband industry.
The opportunity in front of fiber operators right now is real: Buyer appetite is strong, capital is looking for quality assets and the operators who have done the preparation work (who understand their numbers their network, and their narrative) are the ones walking away from the table with terms they are proud of. That is the work we exist to do and we are just getting started.
“Thank you for being part of this community. We look forward to everything the rest of 2026 brings — for our clients, our partners, and this industry.”
Micky Stefanov
CEO & Founder
Get in Touch
Ready to Start the Conversation?
Whether you are a fiber operator beginning to think about timing, a buyer building your acquisition pipeline, or a partner evaluating how to work together — we welcome an early conversation.
Contact us at stefanovcapital.com/contact or through our valuation assistant Val AI.