DALLAS, April 24,
2024 /PRNewswire/ -- NOVOS FiBER has launched a new
business line following the successful launch of its retail FTTH
business which 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 market." said Andrew Snead, CEO of PRIME FiBER and NOVOS
FiBER. Mr. Snead was not willing to comment on whether PRIME
FiBER has signed an open-access agreement with one of the major
carriers but remarked, "We will be communicating some exciting news
in the coming weeks."
The company recently recruited George Karatzis as Chief Build
and Operations Officer from Verizon where he helped lead the
build-out of Verizon's One Fiber network. "This strategic move is
designed to support the continued growth of high-speed fiber
networks across the United States,
through the provision of layer two, layer three and, in time,
end-to-end connectivity solutions for carriers, ISPs and
enterprises. I am thrilled to join this venture and help lead our
efforts as we navigate this exciting journey," said Mr.
Karatzis.
For more information on partnership opportunities, please visit
www.primefiberco.com.
About PRIME FiBER
PRIME FiBER is an open-access fiber-to-the-home (FTTH)
infrastructure provider serving ISPs (Internet Service Providers),
infrastructure consolidators and enterprises across the US. PRIME
FiBER is funded by InLight Capital, a private investment firm based
in Sugar Land, Texas.
About InLight Capital
InLight Capital, LLC ("InLight") is a private investment firm based
in Sugar Land, Texas. InLight's
permanent capital base allows us to pursue an objective of long
duration compounded capital growth. InLight maintains flexibility
and discretion of the amount, duration and objectives of its
invested capital, allowing for efficient decision making and
strategic alignment with all stakeholders. InLight invests across
two primary verticals: private investments and real estate.
Media Contact:
Wes Briscoe
NOVOS FiBER
Wes.Briscoe@NovosFiber.com
1-800-776-6867
View original content to download
multimedia:https://www.prnewswire.com/news-releases/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-302126376.html
SOURCE NOVOS FiBER