The company announces initial investment of $3.2 million with an additional estimated $4.2 million expected over 5 years
CHARLOTTE, N.C., July 29, 2022 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks") today announced its continued investment in fiber network growth across Lee County with its initial investment of $3.2 million and an additional estimated $4.2 million expected over 5 years.
Conterra Networks designs and builds its 100% fiber network with symmetrical service and speeds of up to 10 Gbps and 99.99% network reliability. The company's local team manages the all-fiber network, which is now available to approximately 954 Lee County businesses and growing.
"We're committed to enabling limitless communications opportunities throughout Lee County, providing ultra-high-capacity broadband networks to local businesses," said Craig Gunderson, President and CEO of Conterra Networks. "Our teams live and work in Lee County, so we believe in investing in the community and allowing businesses to succeed through access to our innovative fiber network, custom solutions, and local customer support."
Conterra Networks is expanding and investing in communities in North Carolina, including Salisbury, Kannapolis, Jacksonville, Morehead City, Statesville, Hickory, Monroe, Sanford, Rocky Mount, Greenville, Pinehurst, and Southern Pines.
The expansion is part of the company's growing network infrastructure across the United States. To date, Conterra Networks has 13,250 fiber miles, 2,700 schools served, and over 7,500 on-net locations.
To learn more about Conterra Networks and the expansion efforts in North Carolina, visit www.conterra.com.
About Conterra Networks
Founded in 2001, and now operating 13,250 fiber miles, Conterra Networks is one of the largest remaining independent broadband infrastructure companies in the United States based on its optical fiber and fixed wireless network assets and annual recurring revenues. The company is owned by affiliates of APG and Fiera, along with significant participation by the company's senior management team. For more information about Conterra Networks, please visit www.conterra.com.
Name: Jacquelyn Llorca
View original content to download multimedia:https://www.prnewswire.com/news-releases/conterra-networks-continues-to-invest-in-fiber-network-growth-across-lee-county-301596244.html
SOURCE CONTERRA ULTRA BROADBAND, LLC