Brightspeed continues its quick news pace with the announcement of plans for a Texas initiative that eventually will pass more than 280,000 addresses with fiber broadband.
The service provider says the first phase of the project will be to pass more than 120,000 addresses in the state by the end of next year. In subsequent years, it will add 160,000 passings.
Brightspeed is awaiting the closing of a deal under which Apollo managed funds will acquire assets and associated operations from Lumen Technologies. The parties say that they expect regulatory approvals in the third quarter and for the transaction to close early in the fourth.
This is Brightspeed’s first announcement for Texas. The company will expand upon 26,000 existing fiber passings that it will acquire from Lumen. It plans to add the 120,000 first phase passings in the communities of Atascocita, Killeen, Kings Crossing and Port Aransas.
“We believe 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,” Chris Creager, Brightspeed’s Chief Administration Officer, said in a press release.
Brightspeed, which is headquartered in Charlotte, NC, plans to have operations in 20 states. The company says that it will invest at least $2 billion and expects to reach as many as 3 million homes and businesses during the next five years with fiber broadband. It adds that 1 million of those passing will be made by the end of 2023.
Last week, Brightspeed announced the first markets in which it plans to build, including some in North Carolina and some in Virginia. Rural and suburban areas will be the main targets for the service provider, which will deploy 10G XGS-PON technology.