Nascent fiber-to-the-home (FTTH) provider Novos Fiber announced its first active market in Arlington, Texas, setting aside more than $20 million for the network build.
Founded in 2022 and headquartered in Dallas, Novos will tap into funding from Texas-based private investment firm InLight Capital to fuel its FTTH plans in the Dallas-Fort Worth area.
Services will go live at the beginning of next year and Novos will share its market availability “in due course,” CEO and Founder Andrew Snead told Fierce Telecom. The ISP will offer three plans – a 300 Mbps tier priced at $59.99 per month, a 1-gig tier at $79.99 and 2.5-gig speeds at $114.99.
Novos has claimed it will be the only provider of fiber internet services in certain areas of Arlington. Snead said that those areas are “underserved with cable and/or DSL.”
“We will be looking to streamline the often-complicated broadband offering with simple transparent pricing that involves no contracts or hidden fees,” he added.
According to BroadbandNow, fiber service is already available in at least some of Arlington through Charter's Spectrum and AT&T Fiber.
Snead said the ISP will differentiate from its competitors through customer experience. Specifically, Novos is aiming to “simplify the experience and inject a little fun into the way we do business."
"Internet has become somewhat of a grudge purchase, and we want our customers to enjoy the interactions and services they have with us,” added Snead.
The Novos Arlington announcement said its relationship with InLight Capital has resulted in a “sizable amount of capital to deploy and are planning to increase that further over the coming months.”
Looking ahead, Novos plans to extend its retail ISP presence and build out more wholesale and open-access services.
In addition to Arlington, the company claimed it is also working with multiple cities across the Dallas-Fort Worth area, with plans to expand across the U.S.
Snead told Fierce it will be sharing more on those expansion plans, including planned investment and deployment, in the first half of 2024. As for any government funding, he noted Novos will explore its options “if the fit is right for [the company] and the communities that [it serves.]”