- Published: 01 October 2022
Construction is underway on a $100 million project to add fiber-optic networks in Kenosha that will enable internet speeds up to 10 gigabits, according to a Thursday announcement.
New Jersey-based SiFi Networks will privately fund, own and operate the network, which the city approved in September 2020. Construction will take around three years to complete and will be conducted neighborhood by neighborhood, the announcement said. When fully implemented, the network will be available to all of the city's 40,000 households, as well as businesses and institutions in the city.
Joliet, Illinois-based Always Underline Inc. is handling construction for the project and will hire dozens of local workers throughout the multi-year buildout. SiFi Networks also is hiring a community relations specialist in Kenosha, according to its careers website.
The fiber network will be open access, meaning multiple internet service providers can use it by leasing the network infrastructure from SiFi Networks. This enables competitive prices for consumers, according to SiFi Networks. Internet service providers have not yet been announced.
Broadband access has been a hot topic in the last several years, as the pandemic highlighted the need for fast and reliable internet service.
In September 2021, SiFi Networks announced it would launch open-access fiber networks in 30 U.S. cities in 2022 as a digital inclusion initiative. It's financing the projects with $2 billion from private investors, including Dutch pension investment firm APG Group NV and German investment firm Patrizia SE.
"SiFi Networks is delighted to make the long-term investment in Kenosha because we see how fiber networks transform communities into hubs of innovation, remote work, better healthcare and smart city services," SiFi Networks community relations manager Marcus Bowman said in a statement Thursday.
Among other technology initiatives in Kenosha, the city is planning a 107-acre innovation neighborhood on the site of its former Chrysler plant. The initiative could cost $1 billion over more than a decade, create 3,000 to 5,000 jobs and attract $500 million or more of private investment.
Autor(en)/Author(s): Teddy Nykiel
Quelle/Source: The Business Journals, 23.09.2022