Ting Internet, a division of Tucows (NASDAQ: TCX) (TSX: TC), says it has agreed to serve as the anchor tenant for Colorado Spring Utilities’ upcoming city-wide fiber to the premises (FTTP) network.
Colorado Springs, CO, will become Ting’s largest market when service launches in 2023.
Deployment of the FTTP network is slated to begin in the third quarter of this year.
"We are honored to support Colorado Springs Utilities; we believe strongly in their vision of scaling local infrastructure, investing in the community, and driving prosperity through digital transformation," said Jill Szuchmacher, executive vice president, Ting Internet. "At Ting, we have several proven operational models that we use to deliver better, more reliable internet to the communities we operate in. A tenant lease on Colorado Springs Utilities' network benefits all parties involved and provides our team with an excellent opportunity to scale our Colorado presence while focusing our resources on delivering a best-in-class service that delights our customers."
Fiber broadband as a utility
Once completed, the fiber broadband infrastructure will pass more than 200,000 addresses in Colorado Springs.
Ting expects to serve both residential and business subscribers, and plans to spend the time until 2023 establishing its presence in the city, including hiring staff.
"Our core mission is to provide best-in-class utilities that meet the needs of our thriving community," added Aram Benyamin, CEO, Colorado Springs Utilities. "Fundamental to our utility services is next-generation fiber connectivity. This non-exclusive network will provide the foundation for a prosperous and smart city of the future. Based on their excellent track record here in Colorado and across the country, we believe that Ting is the ideal initial tenant to help our community experience the true benefits of fiber connectivity."