The company announces initial investment of $6 million with an additional estimated $8 million expected over 5 years
CHARLOTTE, N.C., Aug. 26, 2022 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks") today announced its continued investment in fiber network growth across Rapides Parish with its initial investment of $6 million and an additional estimated $8 million expected over 5 years.
Conterra designs and builds its 100% fiber network with symmetrical service, speeds of up to 10 Gbps, and 99.99% network reliability. The local team manages the all-fiber network, which is now available to approximately 3,646 Rapides Parish businesses and growing.
"We're committed to enabling limitless communications opportunities throughout Rapides Parish, providing ultra-high-capacity broadband networks to local businesses," said Craig Gunderson, President and CEO of Conterra Networks. "Our teams live and work in Rapides Parish, 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 Louisiana, including Iberia Parish, Vermilion Parish, St. Landry Parish, Ouachita Parish, Calcasieu Parish, Bossier Parish, and Natchitoches Parish.
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 Louisiana, 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.
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SOURCE CONTERRA ULTRA BROADBAND, LLC