Bluebonnet Fiber is set to expand its operations, aiming to
provide internet access to over 48,000 households and businesses
across 53 rural and sub-urban areas in Texas.
SAN
ANTONIO, July 9, 2024 /PRNewswire/ -- Bluebonnet
Fiber has announced a strategic expansion of its business plan as
part of its mission to close the digital divide, starting in
Texas. Texas, recognized as the second-largest
economy and home to the largest rural population base in the
country, will be the focus of this ambitious project. The
initiative aims to provide affordable high-speed internet access
services to over 48,000 unserved or underserved locations across 53
rural and suburban areas. The services will offer residents and
business speeds up to 10Gig, enterprise speeds up to 100Gig and
wholesale dark fiber.
Wyatt Ciomperlik, President of
Operations at Bluebonnet Fiber, highlighted the considerable
progress already made, "We have already partnered with the USDA to
complete pre-construction activities such as system design and
engineering, feasibility studies, and public surveys," he said.
This partnership underscores Bluebonnet Fiber's commitment to using
all available resources and ability to ensure the project's
success.
The construction project, valued at approximately $165 million, is set to be completed over a
four-year period. Bluebonnet Fiber is seeking partnerships with
private investors to cover 25% of the capital expenditure. The
project is expected to generate robust financial returns, with
projected EBITDA exceeding $25
million annually in the first year after completion, and it
is anticipated to continue growing consistently over the asset's
projected 50-year service life.
Janice Ciomperlik, President of
Finance at Bluebonnet Fiber, emphasized the company's confidence in
the project's financial viability. "Given our unique business
model, strong execution rigor, and expertise to serve the rural
markets, the project will deliver strong value to our long-term
partners," she said. This projection reflects the company's
strategic planning and deep understanding of the rural market
dynamics.
Bluebonnet Fiber is actively seeking partnerships with private
investors to support this transformative project. For more
information about the project or to explore partnership
opportunities, interested parties can contact our team at
invest@bluebonnetfiber.net, call us at 1 (855) 956-2583, or visit
us at https://www.bluebonnetfiber.net/investors/.
About Bluebonnet Fiber
Bluebonnet Fiber is a pioneering company dedicated to bridging
the digital divide in rural America. By providing affordable and
reliable high-speed internet access, Bluebonnet Fiber aims to
empower underserved communities, fostering economic growth and
improving quality of life. With a commitment to innovation and
excellence, Bluebonnet Fiber continues to expand its footprint,
delivering innovative technology solutions tailored to the unique
needs of rural areas.
Media Contact:
press@bluebonnetfiber.net
1 (855) 956-2583
Photos:
https://www.prlog.org/13028183
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SOURCE Bluebonnet Fiber