Wave Broadband is bringing a new challenge to San Francisco's broadband market, one where AT&T (NYSE: T) and Comcast (NASDAQ: CMCSA) have been the dominant providers, with the launch of its 1 Gbps Wave-G gigabit service.
The service provider's Wave-G symmetrical 1 Gbps and 100 Mbps Internet service is now available at San Francisco's NEMA, a 750 unit property in the city's Mid-Market neighborhood.
As one of the early 1 Gbps service pioneers, Wave has been offering 1 Gbps service since 2008 in Seattle under the CondoInternet brand and plans to extend its gigabit service offering to more apartment and condo developments in the next few months.
Wave's service is competitively priced at $80 a month.
Network expansion and 1 Gbps services have been two key areas of focus for Wave.
In May, the service provider secured $130 million in new capital, which it will use to expand its fiber network into more cities within its existing footprint that spans California, Oregon, and Washington and launch a set of new residential and business services.
Although Wave is focused on organic growth opportunities, the service provider jumpstarted its 1 Gbps rollout when it purchased CondoInternet in September 2013. Since that time, Wave has invested heavily in expanding its gigabit service by building out its fiber network, hiring additional staff and taking other measures to improve and expand its infrastructure. CondoInternet has passed more than 20,000 area homes since 2008.
Providing 1 Gbps service in the San Francisco Bay area will make Wave a more formidable competitor with AT&T, which has cited San Francisco as one of the cities where it will take its 1 Gbps GigaPower with U-verse service.
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