Soon Sydney, Nova Scotia residents will be able to get Internet speeds of 170/30 Mbps as Bell Aliant (TSX: BA.UN) announced that it will extend its Fiber to the Home (FTTH) network to the region.
Available as early as this fall, Bell Aliant will provide its FTTH-based FibreOP service to more than 30,000 homes and businesses in Sydney, Sydney River, North Sydney, Sydney Mines, Glace Bay and New Waterford. It will also offer triple play bundles (voice, video and data) over the FTTH network.
Bell Aliant is funding this buildout with $15 million of its own money along with a $2 million contribution from the Province of Nova Scotia. This latest FTTH build is part of Bell Aliant's previously announced capital program, which includes about $65 million for FTTH. By the end of 2010, Bell Aliant expects to pass 140,000 homes and businesses with FTTH.
But Bell Aliant's FTTH plans don't stop here. In early May, Bell Aliant announced it would commit an additional $350 million between 2011 and 2012 to expand its FibreOp footprint, bringing its FTTH service to more than 600,000 homes and businesses.
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