HOUSTON – (COMMERCIAL THREAD) – Ben Bawtree-Jobson, CEO of SiFi Networks, today announced his company’s aggressive plans to launch Open Access FiberCities® in 30 US communities by the end of 2022. Bawtree-Jobson, who did this announcement at the Broadband Communities Summit in Houston, told reporters that SiFi will commit $ 2 billion from private investors and start rolling out in 30 cities by the end of next year at no cost to taxpayers, and actively works with nearly 100. To help bridge the digital divide, SiFi Networks is stepping up FiberCity® Aid, a revolutionary digital inclusion program that subsidizes Gigabit broadband for low-income residents in SiFi FiberCities®.
“SiFi Networks is on a huge growth path,” said Bawtree-Jobson. “With a large amount of capital raised to fuel our growth plans, we will be expanding our fiber rollout next month and plan to cross 40,000 homes per month by 2023. In our FiberCities®, we are making fiber free access available to every home, business and institution anchored in the communities we serve, ”he said.
SiFi’s track record has sparked investor interest. In September, the company announced that APG, acting on behalf of Dutch pension fund clients, would make a $ 500 million equity investment to fund the new SiFi FiberCities®; separately, APG also acquired a 16.7% stake in the company. The momentum has also attracted Internet Service Providers (ISPs) like GigabitNow and Flume Internet, offering FiberCity® customers symmetrical speeds of up to 10 Gbps, the fastest residential speeds available in the United States.
Since SiFi Networks uses an Open Access network architecture, multiple ISPs and other service providers will share space on SiFi’s fiber infrastructure. The model instantly infuses market competition, giving communities a much-needed choice against existing cable monopolies and duopolies whose networks are far behind new technologies and soaring consumer demand.
“The Open Access model is rapidly opening up new markets for ISPs with less capital exposure. These ISPs, including small businesses that are typically left out of the market, now have access to a large customer base and can build a brand. ISPs on SiFi FiberCity® networks end up with large margins, ”noted Bawtree-Jobson.
SiFi has also created a partner program that allows ISPs to sign up, receive tenders, be vetted, and potentially gain access to existing SiFi network cities including East Hartford, Connecticut, Salem, Massachusetts. , Saratoga Springs, New York, Placentia, California, Simi. Valley, California and Fullerton, California.
Bawtree-Jobson warned that cities need to think about Internet and communications policy now that existing cable and copper networks are at full capacity: “Communities need to make broadband policy decisions over the next 24 months. . Prioritizing long-term competition should be in the minds of lawmakers first and foremost so that their cities are no longer crippled by large monopolies. ”
In addition to broadband internet, SiFi’s FiberCities® will run Smart City applications to create municipal efficiencies such as public Wi-Fi, traffic management, improved public safety, more efficient street lighting and better access to government services. Communities that have invested in Smart City services tend to realize significant savings compared to traditional service delivery.
“We are able to partner with communities to build FiberCities® on an Open Access network, using private capital, at no cost to taxpayers. It’s a victory for consumers, it’s a victory for business and it’s a victory for government, ”said Bawtree-Jobson.
About SiFi networks
Founded in 2012, SiFi Networks privately finances, builds and operates open access Smart City fiber optic networks across the United States. SiFi currently works alongside its delivery partners with more than 40 cities across the United States, covering more than 1.5 million homes and businesses and has more than 100 cities interested in becoming FiberCity®. SiFi’s open access business model allows multiple internet service providers to provide various services and offerings on its network.
For more information, please visit https://www.sifinetworks.com