NOVOS FiBER management and investors launch separate open-access FTTH (Fiber-To-The-Home) business, PRIME FiBER, as a complement to its retail FTTH business. [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
has live operations in Arlington and McKinney, Texas . In response to the growing demand for wholesale fiber services, the company has launched a separate open-access business under the brand, PRIME FiBER. The two businesses will serve different markets and customers but share common back-office systems and operations. Both brands will be funded by InLight Capital, a private investment firm based in Sugar Land , Texas. This move reaffirms the company's commitment to fostering a connected USA through simple, fair, and customer-centric services. "Our new open-access business allows us to broaden our participation in a high-growth category, whilst continuing our focus on the growth and expansion of our retail business, NOVOS FiBER. Through open-access collaboration with ISPs (Internet Service Providers), we are enabling the growth of the broader fiber sector as traditional wireless operators increase their focus on convergence and new players seek to participate in the retail FTTH mark
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