Vyve Broadband will be rolling out multi-gigabit residential service, the company announced today.
Vyve offers 10 Gbps speeds for its business customers. The service for residential customers promises speeds of up to 2 Gbps, with the first availability starting today in the Ottawa, KS service area.
Vyve’s multi-gig internet service will be gradually implemented across areas of its service footprint, with other enhanced services expected to be added.
The company has been increasing broadband speeds available for residential customers for a while. Seventeen months ago, the company increased its residential customers’ Internet upload speeds at no added cost. In most cases, customers experienced speeds twice as fast in comparison with was previously available, enabling faster file, picture and video uploads, as well as improved video conferencing and online gaming performance.
The capital for making such capital improvements became available four years ago, when Vyve was acquired by rural cable consolidator GTCR. The acquisition was made through GTCR’s management partnership with Mega Broadband Investments and will double MBI’s previous footprint.
The GTCR Vyve deal came at a time when the need to deploy rural broadband has gained higher visibility than ever before, and some rural cable companies see opportunities to help close the digital divide. Acquisitions were on the rise as those companies seek economies of scale.
Those economies of scale help make it possible to invest in faster speeds for customers.
“We are thrilled to introduce our state-of-the-art multi-gig internet service to our valued customers in selected service areas across our footprint, beginning with Ottawa, KS,” Andy Parrott, Vyve Broadband president and COO, said in a prepared statement. “In today’s fast-paced digital landscape, reliable and ultra-fast internet connectivity is more important than ever. This is just the start. We will stay on top of customer’s needs and lead the way in Internet speeds and offerings.”