The Governing Body of Santa Fe, N.M. has approved a bill enabling Vexus Fiber to deploy a 100% fiber 10 Gbps network to the city. The service provider will invest $35 million in the project.
Construction will occur this year, with full connectivity to homes and businesses to take between 24 to 36 months.
The build is expected to bring 85 to 90 jobs to the area, and at least 35 of them are expected to be permanent. The company will build along existing public rights-of-way and place fiber either underground or overhead. Once the city build is complete, Vexus Fiber will look to expand in surrounding areas.
“We’d like to thank the City of Santa Fe for helping us make this expansion a reality,” Vexus Fiber CEO Jim Gleason said in a press release. “Vexus is thrilled to bring 100% fiber internet infrastructure to the region. We’re also excited about the economic and business development possibilities our services can help bring to the area.”
The most recent project announcement by the company was in Alexandria and Pineville, LA. Vexus Fiber plans to connect almost 25,000 homes and businesses there with an FTTH network. The company says that the project is expected to take about 36 months to complete. It is being financed through Pamlico Capital and Oak Hill Capital, both of which are investors in the company.
Vexus is focused on Texas, New Mexico and Louisiana. In Texas, it operates FTTH networks in Lubbock, Amarillo, Wichita Falls, Abilene and surrounding areas. In Louisiana, Vexus Fiber has networks in Hammond, Covington and Mandeville. In addition to Pineville and Alexandria, the company is expanding in Lake Charles, LA. It also is expanding in Albuquerque, NM. Vexus Fiber is headquartered in Lubbock, TX.
