Advanced FTTP network to reach over 120,000 potential customers in Texas by the end of 2023
CHARLOTTE, North Carolina, June 15, 2022 /PRNewswire/ — Brightspeed today announced details of the planned construction of its fiber optic network in the state of Texas. By the end of 2023, the company will deliver more than 120,000 new fiber runs in the first phase of rollout in the state. Brightspeed plans to add an additional 160,000 passes to its Texas operating territory – for a total of up to 280,000 – during the following years of network construction.
Brightspeed will initially consist of the assets of the incumbent local exchange carrier (ILEC) and associated operations of Lumen Technologies (NYSE: LUMN), which are subject to a pending acquisition by funds managed by Apollo (NYSE: APO). The parties expect to obtain regulatory approvals in the third quarter and close the transaction early in the fourth quarter of this year.
The Texas build is part of Brightspeed’s overall plan to invest at least $2 billion in its multi-state fiber optic transformation, which is expected to reach up to 3 million homes and businesses over the next five years, including in many places where fiber and advanced technology have not been deployed historically.
“We believe that all customers should have access to the highest quality, most user-friendly Internet service possible. Brightspeed’s mission is to expand and accelerate the availability of internet connectivity that will enable our communities to thrive,” said Chris Creater, CEO of Brightspeed. “We have an incredible team in place that knows how to execute this critical transformation from copper to fiber technology. We are excited to have the opportunity to bring our Brightspeed services to customers across our Texas footprint.”
Brightspeed’s 2022-2023 construction plan will bring faster, more reliable Internet and Wi-Fi services to more than 120,000 residential and business locations in parts of the Atascocite, KillineKing’s Crossing and Port Aransa communities. These new fiber-enabled addresses are in addition to the existing 26,000 fiber runs that Brightspeed will assume upon closing of the transaction between the Apollo and Lumen funds.
“I am delighted to welcome Brightspeed’s investment in Texas“said the Texas Comptroller Glenn Hegar. “My agency was tasked with creating Texas’ first Broadband Development Office with the aim of extending high-speed Internet access to areas that need it most. Brightspeed’s commitment to developing connectivity solutions and expanding fiber internet access in Texas is an encouraging development towards achieving this goal.”
Following the close of the transaction between Apollo Funds and Lumen, Brightspeed will begin connecting customers to its network. Brightspeed will be at the forefront of technology innovations designed to help the company accelerate network deployment and market availability of XGSPON-based Internet services with symmetric speeds greater than 1 Gbps.
Brightspeed plans to announce its other state-specific build information over the coming weeks.
For more information about Brightspeed, visit the company’s website, www.brightspeed.com.
Based at Charlotte, North Carolina and expected to have assets and associated operations in 20 states, Brightspeed will deliver broadband and telecommunications services through a network platform capable of serving more than 6 million homes and businesses. The company aims to bridge the digital divide by deploying a state-of-the-art fiber network and a customer experience that makes staying connected simple and seamless. For more information about Brightspeed, visit the company’s website, www.brightspeed.com.
Joelle FrankWilkinson Brimmer Katcher