Vexus Fiber plans to build a privately funded Fiber to the Home (FTTH) network in Laredo, Texas, with a potential customer base of 70,000 residences and businesses.
This is the company’s second expansion announcement in a little more than a month. In November Vexus Fiber unveiled plans to launch its fiber-to-the-premises service in Santa Fe, NM if the local government approves the franchise application that the provider submitted.
The company plans to begin construction in Laredo in the summer of next year, with availability to some neighborhoods and businesses by year-end 2022. Full completion for the service area will take about two years. Typically, residents will receive communication via email and mail about activity in their neighborhood 30 days prior to construction
Vexus Fiber service will deliver up to 10 Gbps speeds along with all-digital TV and phone service for residential customers. In addition to these features, business customers will have access to TeleCloud-hosted voice solutions as well as customized TV channel packages.
This network extension is part of an ongoing construction plan financed by investors Pamlico Capital and Oak Hill Capital, which have agreed to invest additional equity for the Laredo expansion.
“The opportunity to grow with Vexus and new communities in Texas is very rewarding. We are extremely pleased with the progress the team at Vexus Fiber is delivering by building a quality fiber network at a fast pace to residents and businesses that need this network of the future,” said Art Roselle of Pamlico Capital, in a prepared statement.
“We are excited to continue our network expansion in Texas with our new 100% fiber optic network plans in Laredo,” said Jim Gleason, Vexus CEO, in a prepared statement. “Vexus’ fiber network will provide homes and businesses with a new, competitive choice for internet and entertainment. This expansion brings reliable internet to families and businesses in the area, allowing them access to our future-proof fiber technology.”