IQ Fiber, Northeast Florida’s solely native residential fiber-optic web service supplier, publicizes it’s increasing its 100% fiber-optic community to North Central Florida together with the town of Gainesville.
IQ Fiber’s preliminary funding in Gainesville is estimated at practically $40 million. IQ Fiber would be the first locally-based residential fiber-optic firm to enter the Gainesville market.
“It has all the time been a coverage precedence of mine to increase broadband competitors in our group,” mentioned Gainesville Mayor Harvey Ward, Jr. “I’m happy to see IQ Fiber increasing into the Gainesville market, and I hope their presence right here will create a wide range of alternatives for all our neighbors.”
Headquartered in Jacksonville, IQ Fiber is deploying its community throughout Duval, Clay, Nassau, and St. Johns counties.
The North Central Florida growth marks the corporate’s first main community growth outdoors of the Jacksonville metro area. The corporate will set up a satellite tv for pc workplace in Gainesville and rent over 30 staff to help the growth.
“We’re excited to increase our community throughout North Florida in order that Gainesville and Alachua County residents will lastly have a contemporary web selection,” mentioned Ted Schremp, CEO of IQ Fiber. “Our 100% fiber-optic community delivers the reliability and ultra-fast symmetrical speeds that residents and neighborhoods want together with a streamlined buyer expertise they deserve.”
IQ Fiber’s 100% fiber-optic community is able to symmetrical speeds of as much as 10 gigabits per second and is much superior to phone or cable-based web.
The community consists of underground conduit and fiber-optic cables extending from the core web spine immediately into particular person properties, permitting for the quickest web speeds accessible whereas supporting the explosive development in web utilization and demand. Development on the Gainesville and Alachua County community will start this summer season.
IQ Fiber affords month-to-month charges with no charges, surcharges or shock value will increase. It delivers symmetrical speeds together with whole-home Wi-Fi service and a easy app to handle the ever-growing variety of Wi-Fi units within the residence.
IQ Fiber, headquartered in Jacksonville, is bringing high-speed, state-of-the-art 100% fiber-optic web to areas of North Florida that don’t at present have entry to fashionable, symmetrical broadband companies.
It’s privately funded and was launched in August 2021. It just lately introduced a further $150 million in follow-on fairness funding.