Vexus Fiber, which provides services based on fiber to the home (FTTH) in Texas and Louisiana, says it plans to deploy FTTH infrastructure in the Rio Grande Valley area of Texas. The first phase of the roll-out will target Mission, McAllen, Edinburg, Harlingen, and surrounding areas. Vexus Fiber plans to invest $200 million in the region.
The FTTH deployment will begin by the end of this year and last approximately 36 months. The infrastructure will pass 175,000 homes and businesses, Vexus Fiber says. Existing Vexus Fiber investors Pamlico Capital and Oak Hill Capital will finance the deployment via an investment in additional equity in Vexus Fiber. The company estimates the project will create almost 200 construction jobs and 150 permanent jobs in the Rio Grande Valley.
"Residents of the Rio Grande Valley will now have a new, competitive choice for internet, TV, and phone services. Our network will be built with future-proof technology that will not only provide homes and businesses with multi-gigabit speeds but will also foster growth and economic development for the Rio Grande Valley region," said Jim Gleason, CEO of Vexus. "Demands on bandwidth are high in homes today. Activities such as working from home, online learning, and multiple video streams mean residents need a network that delivers lightning-fast upload and download speeds. Vexus plans to bring both multi-gigabit speeds and great Texas-based customer service to the region."
The Rio Grande Valley deployment will complement existing FTTH networks in Lubbock, Amarillo, Wichita Falls, Abilene, and surrounding areas in Texas, as well as the Hammond, Covington, and Mandeville areas in Louisiana. Vexus Fiber also has new network projects underway in Tyler and San Angelo, TX.
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