SiFi Networks awarded $50m funding for North America fibre expansion

Share this on social media:

North American developer of open access fiber optic networks, SiFi Networks has secured significant investment from the Smart City Infrastructure Fund to bring high speed connectivity to more areas of the USA. 

The fund has made an initial investment of up to $50 million to enable network expansion into more cities simultaneously through the recruitment and training of additional industry specialists. It will also help to accelerate SiFi Networks’ FiberCity deployments. 

FiberCity networks are designed for internet service providers, 4G/5G carriers and other service providers. The networks were named thus because fibre passes every home and business in the city, and smart city access points are put in place as standard, helping to ensure the city is future-proofed.

SiFi says that the networks are also designed to eliminate the need for over ground cabling, allowing service providers to gain three to four times more residential and business subscribers than can be achieved by committing the same level resources to build their own exclusive networks. In terms of the investment, it is expected that a further support of up to $400m will provide the project funding for the building of new fibre networks throughout several cities in the US. 

Mike Harris, co-founder of SiFi Networks said: ‘This injection of capital will kick start the expansion of our business to meet the expected exponential growth in demand for high speed connectivity and enable city rights of way to be efficiently converted to project readiness.’

 

Image credit: Connect world/shutterstock.com

03 October 2022

Image credit: Alphaspirit.it/Shutterstock.com

30 August 2022

Image credit: Connect world/shutterstock.com

11 August 2022

Image credit: Connect world/shutterstock.com

09 August 2022

Recent News

04 October 2022

This allows the UK to have a greater role in promoting a free, open and secure internet and "connecting the unconnected."

04 October 2022

The specialist security firm was launched by Adva to protect mission-critical communication networks from cyber attacks.

03 October 2022

The company is expanding its low-latency routes into São Paulo.

26 September 2022

The acquisition also consolidates and expands Superloop’s wifi position into adjacent on-net broadband markets.