Four bits of ongoing regional FTTH expansion, three around the US and one bit in the UK:
Ziply’s FTTH expansion is taking it into Yakima, Washington. The northwestern fiber operator has announced that it has begun construction in Yakima, which lies in the south-central part of the state. It’s their 100th such fiber market for Ziply, which is leveraging the copper footprint of the former Frontier territories it purchased a couple years ago to jumpstart its fiber ambitions.
123NET has won itself a public/private partnership deal with Michigan’s Ottawa County. Plans call for expansion of broadband service to some 10K households in the county, which sits adjacent to Grand Rapids along the shore of Lake Michigan. The target is 383 route miles of new fiber. THe $27M project will be funded in part by a combination of $7.5M from the county’s ARPA funds and $3.5M from 123NET’s own private capital, with the balance still to be raised from other federal and state funding presumably.
Fastwyre is taking its FTTH efforts to the central Louisianan community of Oakdale. Fastwyre has already launched in Westlake to the southwest and is working on networks in DeRidder and Leesville as well as it builds up an interesting regional presence. They also have a cluster of markets in Missouri they are working on, so they have plenty on their plate for 2023.
And over in the UK, Netomnia says it has raised £230M in debt from a group of six banks. Along with sister company YouFiber, they’ll be using the funds to support their rollout, which recently hit 410K premises passed and 28K connected. Their target is 1M locations passed over the next couple years. The new capital comes with an accordion to be raised in the future as well.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Financials · FTTH