JUNE 2, 2010 -- Bell Aliant (TSX: BA.UN), with the support of the Government of Nova Scotia, has announced that it will deploy its FibreOP fiber-to-the-home (FTTH) network in Nova Scotia. The company also announced the availability of premium Internet speeds -- 170 Mbps download and 30 Mbps upload -- on the new network.
Bell Aliant predicts FibreOP services will be available in Sydney, Nova Scotia, as early as this fall.
Bell Aliant will be investing CAN$15 million in the Sydney area to bring FibreOP services to more than 30,000 homes and businesses. This investment is part of Bell Aliant’s previously announced 2010 capital program, which includes approximately $65 million for FTTH. Bell Aliant expects to pass 140,000 homes and businesses with FTTH by the end of 2010.
The Province of Nova Scotia is contributing $2 million to the project.
"This investment is the right decision for families in Cape Breton," Premier Darrell Dexter said. “By way of this loan the Province and Bell Aliant together will ultimately help Nova Scotia stay competitive in the global economy. Now, more than ever, we have to ensure that we have the right telecommunications infrastructure in place to create good jobs, grow the economy, explore new business opportunities and make life better for families in every region."
Earlier in May the company also announced an additional $350 million investment to be made in 2011 and 2012, which will bring the total investment in FTTH to almost a half billion dollars, expanding FibreOP services to more than 600,000 homes and businesses (see "Bell Aliant to accelerate FTTH efforts").
FibreOP services will be available to residential and business customers in Sydney, Sydney River, North Sydney, Sydney Mines, Glace Bay, and New Waterford starting in the fall of 2010. FibreOP Bundles will also be available in the area at the same time.
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