NOVOS FiBER and PRIME FiBER Invest Over $130 Million in Phoenix's Fiber Internet Infrastructure
NOVOS FiBER and PRIME FiBER Strengthen Fiber Internet in Phoenix
In an ambitious move to enhance connectivity in Arizona, NOVOS FiBER has revealed its largest investment to date, exceeding $130 million, dedicated to expanding its fiber-optic internet services in Phoenix. This initiative marks a significant milestone for the rapidly growing internet services company, which only began operations in 2023.
The expansion into Phoenix aligns with NOVOS FiBER's mission to provide high-speed, reliable fiber internet services to homeowners and small businesses. Currently, the company has a strong footing in the Dallas Fort Worth area, where it serves a growing base of satisfied customers. As it ventures into Arizona, NOVOS FiBER aims to replicate that success, effectively positioning itself as a key player in the local telecommunications market.
Andrew Snead, CEO of both NOVOS FiBER and its sister company, PRIME FiBER, expressed his optimism about the strategic importance of Phoenix. He stated, “Phoenix is a highly strategic market for us. We are delighted to start construction in the city and look forward to bringing residents and small businesses high-speed fiber internet in the coming weeks.” This construction is already underway, raising expectations for the completion of services in the near future.
Mike Rowley, who heads the sales and marketing efforts for NOVOS FiBER, highlighted the focus on improving customer experience and expanding consumer choices. “Our goal is to provide greater choice and a vastly improved customer experience. We’re thrilled to extend our services to Phoenix residents,” he remarked, encapsulating the company's customer-centric approach that aims to transform the digital landscape for everyday users.
The funding for this project, exceeding $130 million, indicates a significant commitment by NOVOS FiBER to not only establish but also strengthen its presence in a city known for its rapid growth and tech-savvy populace. The investment is not limited to just the urban core of Phoenix; NOVOS FiBER also plans to expand into the surrounding cities, creating a broad network that will benefit a larger swath of the population.
PRIME FiBER, the wholesale open-access arm of the business, is concurrently deploying fiber infrastructure in Florida. This dual focus allows both companies to leverage their unique strengths in the telecommunications market. As part of this strategy, PRIME FiBER serves as an infrastructure provider, supporting various internet service providers (ISPs) and enterprises seeking reliable fiber connections.
With backing from InLight Capital, a private investment firm based in Sugar Land, Texas, both NOVOS FiBER and PRIME FiBER are poised for growth and expansion. This foundational support ensures that they have the necessary resources to innovate and enhance their service offerings continually.
As the project progresses, NOVOS FiBER has committed to keeping the community informed about construction timelines and service availability. Residents can look forward to enhanced high-speed internet that is expected to contribute significantly to both personal and economic development in the region.
In summary, NOVOS FiBER and PRIME FiBER's $130 million investment in Phoenix stands as a robust commitment to elevating fiber internet access in Arizona, promising improved connectivity and service options for consumers and businesses alike. This significant expansion not only highlights the companies' aggressive growth plans but also reflects a broader trend towards enhancing internet infrastructure across key metropolitan areas nationwide.