05/16/2018 | News release | Distributed by Public on 05/16/2018 12:02
Charter Communications' enterprise business service unit Spectrum Enterprise said it will spend $1 billion this year on new fiber infrastructure, with the intent of increasing density of its national fiber network.
The announcement follows an almost identical $1 billion proclamation made by Spectrum Enterprise in 2017.
The investment, the cable operator said, will primarily fund increased client access to the existing Spectrum Enterprise national network, adding to the network's nearly 200,000 fiber-lit buildings.
Spectrum Enterprise said it will absorb upfront costs of fiber construction for the majority of new enterprise clients within its footprint to increase access to fiber-based solutions including Fiber Internet Access, Ethernet and voice trunks (SIP/PRI).
'As fiber connectivity has become fundamental to economic growth, we are focused on making our fiber infrastructure more accessible to clients, and reshaping their experience to align with the evolving realities of today's modern enterprise,' said Phil Meeks, president of Spectrum Enterprise, in a statement. 'Advanced video and virtual reality solutions, cloud, IoT and the future of 5G all depend on a reliable and highly-dense fiber network. Our commitment is to ensure that our clients have the most robust fiber network and solutions to grow today and take advantage of future technologies that have immense demands on bandwidth.'
Early last year, Charter split its business services division into two units-small-to-medium and large-enterprise-and rebranded the operations as 'Spectrum Business.'
The large enterprise business provides Ethernet speeds of up to 1 Gbps and fiber internet speeds of up to 10 Gbps.