ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

Lumos Expands Into Kentucky With a $144M Investment in Louisville and Jefferson County to Build Its 100% Fiber Optic Internet

The investment marks the company’s expansion into its fifth state of operations and the second new state announced in 2024.

Lumos, a leading 100% Fiber-Optic Internet and Total Home Wi-Fi service provider in the Mid-Atlantic, today announced its expansion into the state of Kentucky with a nearly $150 million investment to build over 1,300 miles of its network in parts of Jefferson County and Louisville.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240820543473/en/

Lumos expands into Louisville, Kentucky, marking the company's expansion into its fifth state of operations with a $144 million investment. (Photo: Business Wire)

Lumos expands into Louisville, Kentucky, marking the company's expansion into its fifth state of operations with a $144 million investment. (Photo: Business Wire)

As its first expansion in the state, Lumos will provide opportunities for families and businesses to access fiber internet through scalable plans and options to meet their exact needs, with life-changing speeds and reliable service.

“We are rapidly growing, and this investment in Kentucky represents our commitment to expansion and service in underserved communities,” said Brian Stading, Lumos CEO. “At Lumos, our mission is to ensure communities have the opportunity to access fast and reliable internet, and we’re proud to serve as the first fiber provider in many of the areas we’re expanding into.”

That’s why Lumos is building a 100% Fiber Optic Network for the next 50 years, not the last 50. As society grows more digitally dependent, we can no longer rely on the copper infrastructure built by cable and telephone companies. Fast and reliable internet is no longer an option but a necessity as society continues to learn, work and connect online. Lumos’ unlimited data capacity and speed keep everyone’s devices running without interruption.

“Reliable high-speed internet access is essential to building a community where everyone can succeed,” said Louisville Mayor Craig Greenberg. “We welcome and appreciate Lumos’ important investment into our city and look forward to working with them as they create a more connected Louisville.”

Through Lumos’ 100% Fiber-Optic Internet, the following communities in Louisville and Jefferson County will have access to the internet with equally fast upload and download speeds: Jeffersontown, Saint Matthews, Shively, Lyndon, Middletown, Douglas Hills, Hurstbourne, Prospect, Graymoor-Devondale, Anchorage and other areas in the Louisville Metro.

In addition to the inaugural expansion of its ultra-fast internet into Kentucky, Lumos is excited to welcome Grace Simrall as Kentucky Director of Market Development. Previously, Grace served as the Chief of Civic Innovation and Technology of Louisville Metro Government, where she created the first-of-its-kind unified Communication Services Franchise agreement. During her tenure with the city, Grace led the construction of over 100 linear miles of municipal fiber lighting city buildings, traffic signals, public safety equipment, public Wi-Fi and other public digital infrastructure.

"Grace led Louisville to be the country's most widely recognized civic innovation and technology team," said Lumos' VP of Market Development, Derek Kelly. "She is a champion for digital inclusion, and her work as a trailblazer in Louisville aligns with Lumos' mission to reach the underserved. We are excited to welcome her onboard as we know she will continue to positively impact the communities she serves by bridging the digital divide."

Engineering work in the Louisville Metro will begin in the second half of 2024, and residents will receive communication by mail when engineering and construction begin. To enroll in email updates, please visit http://www.lumosfiber.com/builtforthefuture.

As Lumos expands its footprint, the company will provide new job opportunities for those in the communities it serves. For more information on available careers in your neighborhood, please visit www.lumosfiber.com/careers.

About Lumos: Lumos provides 100% Fiber Optic Internet, whole-Home Wi-Fi, voice and streaming services, to more than 300,000 homes and businesses across Virginia, North Carolina, and South Carolina. We believe that the possibilities of tomorrow cannot be built on the infrastructure of yesterday. That’s why we’re building a 100% Fiber Optic network from the ground up for families, businesses, and communities, backed by local, expert customer service. An Internet built for that most hopeful of all things – the future. Because whatever the future holds, we make it faster. Learn more at www.LumosFiber.com.

Twitter: @LumosFiber

LinkedIn: @LumosFiber

Contacts

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 following
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.