ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

Officials Break Ground on $21M Kinetic Project to Bring Fiber Broadband to 4,000 in Lee County

  • Kinetic’s 1st venture in the county will invest $7.3 million and cover any cost overruns
  • Public–private partnership between Lee County and Kinetic will place about 360 miles of fiber-optic cable

State and local officials joined with fiber-broadband provider Kinetic to break ground on a $21 million, state-of-the-art fiber network that will provide ultrafast internet to more than 4,000 rural customer locations in Lee County.

The project to serve Lee County is Kinetic’s first venture in the county.

When completed by the end of the year, it will make more than 4,000 homes, businesses, schools and medical facilities eligible for high-speed fiber internet for the first time.

“What Kinetic is doing is helping Lee County immeasurably,” Georgia Public Service Commission Chairman Jason Shaw said at Wednesday’s event. “For far too long, the hardworking families and businesses in Lee County have endured the absence of high-speed internet. It’s time they get the best in reliable broadband service, and that’s precisely what Kinetic is doing.”

Kinetic Georgia operations President Michael Foor said: “People in Lee County will soon experience a quantum-leap improvement in their internet services. As a fellow Georgian, I take pride in Kinetic’s role as a local company, employing community members to enhance the internet experience for others in our region. And we’re thrilled to give the people the premium internet connectivity they deserve for business, education, healthcare and personal needs.”

He also thanked electric cooperative Sumter Electric Membership Corp. for working jointly with Kinetic to secure the funding to expand Kinetic’s fiber optic broadband network to rural customers. Sumter EMC will also let Kinetic attach fiber to its utility poles.

“Sumter EMC has been an instrumental part in the delivery of fiber in its service area,” Foor said. “We are grateful for its willingness to support these efforts.”

Sumter EMC President and CEO Rene Smith expressed pride in the nonprofit electric cooperative’s role in helping Lee County get its $12.5 million broadband expansion grant.

“We are grateful for the forward thinking and diligence exhibited by county leaders and Kinetic during the grant process and look forward to the fiber expansion bringing economic and educational opportunities to rural Lee County,” he said.

The overall project is a result of a public–private partnership between the county and Kinetic.

Lee County will use about $12.5 million in state grant money from the Coronavirus State and Local Fiscal Recovery Funds program, part of the federal American Rescue Plan.

The county has also committed an additional $1.2 million in matching funds.

Kinetic will invest $7.3 million and cover any cost overruns. It will also place about 360 miles of fiber-optic cable to bring high-speed fiber internet to Lee County.

State Rep. Bill Yearta, R-Sylvester, said he was “excited” about the project.

“I want to thank Gov. [Brian] Kemp, Kinetic, Sumter EMC and the Lee County Board of Commissioners,” he said. “This is a great public–private partnership. Broadband is vital for our communities today, just as rural electrification was 100 years ago. Kinetic’s reliable, high-speed internet will support economic development, education and healthcare in Lee County.”

County commissioners board Vice Chairman Chris Guarnieri said: “Broadband has become an essential quality-of-life amenity, unlocking doors to entertainment and communication options such as downloading and streaming. It supports a more flexible lifestyle, with remote employment and distance education.”

Georgia Broadband Program Executive Director Jessica Simmons added: “This pivotal moment ushers in new opportunities for Lee County. In the ever-evolving landscape of technology, this undertaking promises broadband capabilities tailored to the community’s future demands as well as its current needs.”

Kinetic’s ultrafast fiber-optic broadband lets users upload and download at up to 8 gigabits a second, or 8,000 megabits a second, providing what is widely known as “next-generation access.”

Households and businesses may call Kinetic at 229-317-1607 to find out if they are, or will be, eligible for a fiber speed upgrade. They may also preregister with Kinetic at windstream.com/kinetic-fiber.

Kinetic’s Lee County fiber project is part of a $2 billion multiyear capital investment strategy by Kinetic to dramatically expand gigabit fiber service across the company’s 18-state footprint.

Kinetic’s superfast, reliable fiber connections in Lee County empower residential customers to gig speeds to navigate the internet safely from home with no lag times while they work, participate in virtual classrooms or stream entertainment services. Businesses from small to enterprise size can take advantage of the fiber-backed network to deploy solutions that make their companies more efficient and profitable such as OfficeSuite UC® and SD-WAN. To learn more, visit GoKinetic.com.

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.

Category: Kinetic

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  228.47
-0.78 (-0.34%)
AAPL  267.36
-1.64 (-0.61%)
AMD  259.25
+1.24 (0.48%)
BAC  52.88
+0.01 (0.02%)
GOOG  271.55
+3.12 (1.16%)
META  749.60
-1.85 (-0.25%)
MSFT  538.16
-3.91 (-0.72%)
NVDA  208.74
+7.71 (3.83%)
ORCL  274.46
-6.37 (-2.27%)
TSLA  458.52
-2.03 (-0.44%)
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.