Vexus Fiber is building a $15 million symmetrical multi-gigabit network in the greater Huntsville, Texas area. The project will be available to more than 12,000 homes and businesses.
Construction is slated to begin in the fall, with some availability to both residences and businesses before the end of the year. The project will take 18 months to complete and is expected to create 50 construction jobs and 20 sales, operations and customer service jobs.
Vexus’ Networks can deliver speeds as fast as 10 Gbps and provide all-digital TV and phone services for residential customers. Business customers also will have access to speeds up to 10 Gbps and to business-oriented television services and the TeleCloud-hosted voice options.
“We are excited to continue our network expansion in Texas with our new 100% fiber optic network plans in Huntsville,” Vexus Fiber CEO Jim Gleason said in a press release about the new Vexus Fiber Texas plans. “Gigabit speeds are becoming additionally important as more people work remotely or need access to education and other online applications. Vexus’ fiber network will provide homes and businesses in this fast-growing market 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.”
Vexus, which is financed by investors Pamlico Capital and Oak Hill Capital, is headquartered in Lubbock, Texas. It operates in several Texas and Lousiana networks and is building new networks in the Rio Grande Valley, Tyler, Nacogdoches, Laredo and San Angelo, Texas. It is also expanding in Lake Charles, Alexandria and Pineville, Louisiana and Santa Fe and Albuquerque, New Mexico.
In January, Vexus Fiber and MetroNet announced a merger. The two providers seem to complement each other: MetroNet operates primarily in the midwestern and southeastern states while Vexus is focused on Texas, New Mexico and Louisiana. Both have been expanding through internal growth, while MetroNet also has made acquisitions. The companies will continue to use their brand names and their current management teams.
Terms were not announced. Another sign of the coziness of the arrangement is that both companies count Oak Hill Capital among their owners.
