ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Kinetic Awarded $8.5 Million to Bring Fiber Broadband to Another Three Georgia Counties

Continuing its commitment to bring faster internet speeds to under-connected communities, Kinetic by Windstream was awarded $8.5 million to expand fiber broadband access in three more Georgia counties.

Georgia Governor Brian Kemp made the announcement this week through a second round of the Capital Projects Fund Grant Program in the state. In addition to the grant money from the state, Kinetic will contribute $11.2 million to the projects, bringing the total capital investment for 2,100 locations in these communities to $19.7 million.

"Every day that we bring fiber to customers' homes is a good day," said Michael Foor, president of Georgia state operations for Kinetic. “We are grateful for the leadership of Gov. Kemp to forge public private partnerships that bring high-speed internet to rural locations in Georgia where there is not a business case to serve otherwise.”

Communities covered in this round of grants:

  • Calhoun - 1,425 locations
  • Echols - 420 locations
  • Webster - 299 locations

This is not the first time the state has partnered with Kinetic to bring fiber broadband to under-connected communities. In 2022, Governor Kemp announced the creation of the Capital Projects Fund Grant Program, utilizing funds from the American Rescue Plan Act. The Governor’s Office of Planning & Budget and the Georgia Technology Authority worked together to identify the most unserved and underserved counties in the state and establish a competitive grant process to receive applications for Governor Kemp’s final consideration. Earlier this year, in the first round of funding, Kinetic was awarded $35 million in grants to build out fiber to more than 4,500 homes and businesses in Clay, Clinch, Randolph and Schley counties.

In 2021, Kemp and members of the Broadband Infrastructure Committee announced that $171 million in grants from American Rescue Plan Act was awarded to 18 counties in partnership with Kinetic to bring fiber to those communities.

Planning and engineering are underway for the new projects, and residents can expect to see crews working in these areas soon, with a completion date by the end of 2026, the grant deadline.

About Kinetic

Kinetic by Windstream is a business unit of Windstream Holdings, a privately held communications and software company. Kinetic provides premium broadband, entertainment and security services through an enhanced fiber network to consumers and businesses primarily in rural areas in 18 states. The company also offers managed communications services, including SD-WAN and UCaaS, and high-capacity bandwidth and transport services to businesses across the U.S. Additional information is available at GoKinetic.com. Follow us on Twitter at @GoKineticHome.

Category: Kinetic

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  230.13
+0.88 (0.38%)
AAPL  269.59
+0.59 (0.22%)
AMD  262.93
+4.92 (1.91%)
BAC  52.67
-0.20 (-0.38%)
GOOG  270.91
+2.48 (0.92%)
META  749.00
-2.44 (-0.32%)
MSFT  538.14
-3.93 (-0.72%)
NVDA  209.06
+8.03 (3.99%)
ORCL  274.85
-5.98 (-2.13%)
TSLA  460.17
-0.38 (-0.08%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.