Brightspeed is planning to achieve 1 million new fiber passings across its multi-state territory, spanning mostly rural and suburban regions of the U.S., by the end of 2023.
Brightspeed previously announced plans to invest more than $2 billion in its fiber optics business, targeting up to 3 million homes and businesses over the next five years. The company will initially be comprised of the incumbent local exchange carrier (ILEC) assets and associated operations of Lumen Technologies, which are the subject of a pending acquisition by Apollo-managed funds.
Bob Mudge, Chief Executive Officer of Brightspeed, said: “We will be well-equipped to quickly deliver on our mission to bring ultra-fast, reliable Internet and Wi-Fi to more homes and businesses.”
Brightspeed said its FTTP architecture is designed to accelerate deployment and market availability. Brightspeed’s XGSPON-based network will be capable of delivering download and upload speeds in excess of 1Gbps.
Brightspeed’s deployment is underway in its home state of North Carolina, which will be the largest single-state market in the company’s operating territory. Brightspeed is using the latest technology innovations from a select group of industry partners including Corning and Calix.
Chris Creager, Chief Administration Officer of Brightspeed, said: “Brightspeed team – with the support of our supply chain partners – has been working to ensure that we have the materials, equipment, and statements of work in place to enable this ambitious build.”
