The company announces initial investment of $8.7 million with an additional $11.5 million expected over 5 years
Charlotte: Conterra Ultra Broadband Holdings, Inc. (“Conterra Networks”) today announced its continued investment in fiber network growth across Carteret and Onslow counties with its initial investment of $8.7 million and an additional $11.5 million expected over 5 years.
Conterra Networks designed and built its 100% fiber network in the North Carolina counties with symmetrical service and speeds of up to 10 Gbps and 99.99% network reliability. The company’s local team manages the all-fiber network, which is now available to approximately 2,013 businesses and growing.
“We’re committed to enabling limitless communications opportunities throughout Carteret and Onslow counties, providing ultra-high-capacity broadband networks to local businesses,” said Craig Gunderson, President and CEO of Conterra Networks. “Our teams live and work in Carteret and Onslow counties, so we believe in investing in the community and allowing businesses to succeed through access to our innovative fiber network, custom solutions, and local customer support.”
Conterra Networks is growing and investing in communities in North Carolina, including Salisbury, Kannapolis, Statesville, Lenoir, Hickory, Jacksonville, Morehead City, Monroe, Sanford, Rocky Mount, Greenville, Pinehurst, and Southern Pines. The expansion is part of the company’s growing network infrastructure across the United States. To date, Conterra Networks has 15,000 fiber miles, 2,700 schools served, and 8,000 on-net locations.
To learn more about Conterra Networks and the expansion efforts in North Carolina, visit www.conterra.com.
About Conterra Networks
Founded in 2001, and now operating 15,000 fiber miles, Conterra Networks is one of the largest remaining independent broadband infrastructure companies in the United States based on its optical fiber and fixed wireless network assets and annual recurring revenues. The company is owned by affiliates of APG and Fiera, along with significant participation by the company’s senior management team. For more information about Conterra Networks, please visit www.conterra.com.
SOURCE Conterra Ultra Broadband, LLC