Regional broadband provider Vexus Fiber unveiled a new $80 million project to bring fiber to thousands of residents in Laredo, Texas, continuing an effort to rapidly expand its footprint in the state.
The network is set to deliver fiber-to-the-home (FTTH) to some 70,000 homes and businesses in the city. Construction will begin in 2022, with the first locations coming online by the end of the year. The project is expected to be fully completed within 24 months. As with its other builds, the work is being funded by Vexus Fiber’s financial partners Pamlico Capital and Oak Hill Capital.
Once connected, residents will have access to internet speeds of up to 10 Gbps, with digital TV and phone service.
The project announcement comes on the heels of another recently announced build in Nacogdoches, Texas. Vexus said in November it will pour $20 million into construction of that network, which will cover more than 15,000 homes and businesses with multi-gig service. Work there is set to begin in the spring of 2022 and wrap in 18 months.
RELATED: Vexus Fiber ramps rollouts to reach 10k new locations per month
Vexus already operates networks in Hammond, Covington and Mandeville, Louisiana as well as Lubbock, Amarillo, Abilene and Wichita Falls in Texas. Earlier this year, the company announced plans to expand to the Rio Grande Valley, Tyler and San Angelo, Texas; Lake Charles, Louisiana; and Albuquerque and Sante Fe, New Mexico. All told, it’s announced plans to cover more than 400,000 locations through its projects.
A company representative told Fierce in September it had about 40,000 existing customers. That representative also said it had ramped its deployment pace to around 10,000 new locations per month as part of an effort to rapidly expand and bring FTTH to “mid-sized communities” with limited broadband options.