Venus Concept Stock: Clearnetworx Expands Fiber Infrastructure in the Southwest
- Clearnetworx enhances fiber internet services by acquiring Ting's infrastructure in Colorado and New Mexico.
- The acquisition shortens deployment timelines, improving service delivery to underserved communities.
- Clearnetworx aims to provide reliable gigabit-speed internet, supporting local economies and bridging the digital divide.
Clearnetworx Expands Fiber Infrastructure in the Southwest
Clearnetworx, a fiber-to-the-home (FTTH) subsidiary of Vero Fiber, recently announces a significant acquisition that will enhance its fiber internet services in the Four Corners region. The company acquires Ting's fiber infrastructure located in key areas of Montezuma and La Plata Counties in Colorado, as well as in San Juan County, New Mexico. This strategic move allows Clearnetworx to solidify its position as a premier fiber internet provider in Western Colorado and the broader Southwest, furthering its mission to deliver high-speed internet to underserved communities.
With the acquisition of these essential network assets, Clearnetworx aims to improve deployment efficiency and reduce redundancy in its build processes. Doug Seacat, the President of Clearnetworx, highlights that this acquisition dramatically shortens their deployment timeline, enabling the company to expedite service delivery with minimal disruption to local residents. The company currently serves over 12,000 active fiber customers in Western Colorado and Northern New Mexico, with a focus on expanding into growing markets such as Durango, Bayfield, Cortez, and Farmington. The strategic move aligns with ongoing state and federally funded projects in areas like Pagosa Lakes and along Highways 160 and 184.
Clearnetworx positions itself as a leader in fiber internet infrastructure investment in the region, with a clear focus on long-term growth and community service. Casey Irving, the Vice President of Business Development, emphasizes that this acquisition not only enhances their service capabilities but also reinforces their commitment to bringing metropolitan-level fiber connectivity to small towns. The company’s scalable infrastructure combined with local expertise aims to provide reliable and affordable gigabit-speed internet to communities that have historically lacked access.
In addition to expanding its infrastructure, Clearnetworx's acquisition underscores the growing demand for high-speed internet in rural and underserved areas, marking a pivotal moment in the telecommunications landscape of the Southwest. The company's proactive approach to service delivery and commitment to community engagement positions it favorably in a competitive industry.
As Clearnetworx continues to invest in fiber infrastructure, its focus on enhancing connectivity for small towns not only supports local economies but also sets a standard for future telecommunications projects in the region. The company remains dedicated to bridging the digital divide, ensuring that all communities can benefit from the advantages of high-speed internet access.
