Newly formed Archtop Fiber, which says it will bring multi-gigabit all-fiber broadband to homes and business in historically underserved communities in the Hudson Valley of New York, has provided details on its operations.
The service provider, which is headquartered in Kingston, NY, is backed by investment from the Post Road Group, a digital infrastructure and real estate investment firm. Post Road says that it will invest as much as $350 million to provide connectivity in the Hudson Valley “and beyond” to more than 500,000 homes and businesses. The company’s networks will be based on XGS-PON architecture and eventually target communities throughout the Northeast.
The firm announced its leadership team, which consists of Jeff DeMond (Chairman and CEO, formerly president and CEO of Vyve Broadband), Lenny Higgins (President and COO, formerly President and CEO of The Nexus Group), Shawn Beqaj (chief development officer, formerly vice president, regulatory and interconnection, for the Armstrong Group) and Diane Quennoz (chief customer officer, formerly senior vice president of marketing and customer experience at Vyve Broadband).
“Archtop will be the long-awaited ‘shot in the arm’– not just as the best broadband Internet service provider for homes and local businesses, but as a true community member and partner,” DeMond said in a press release. “We have always been an invested creator of jobs, a catalyst for economic growth and a corporate partner with a passion for ‘leaning in’ wherever needed.”
In a similar move, Oak Hill Capital, which already was an investor in the broadband industry, last month formed Omni Fiber. The new provider said that it will offer 2 Gbps symmetrical FTTH service to underserved small and mid-sized markets in Ohio, Pennsylvania and Michigan. The company has a commitment of $250 million from Oak Hill Capital Partners VI, which is the investor’s flagship fund.
On August 1, Omni Fiber said that its first three markets will be Clyde, Dover and Shelby, OH.