![]() Our residents and businesses have been in dire need of better, faster, and more reliable options for Internet and UTOPIA Fiber will be providing the best possible solution for our city.” “We are thrilled to bring UTOPIA Fiber to our growing community. With about 1,600 households in the town, Morgan City has been a location where large incumbent providers have chosen not to deploy high-quality Internet access networks. The town of Morgan City, which will be the 13th community in Utah to connect to the publicly owned open access network, recently decided to join the list of UTOPIA communities. are in the works, including publicly and privately owned infrastructure.Īccording to the press release, this is the fourth round of funding that UIA has closed on within the last year in order to meet demand and expand to additional communities.Ĭonnecting an Expanding List of Communities Other open access networks in locations around the U.S. The UTOPIA Fiber network is currently an option for more than 100,000 premises, providing multiple options for households and businesses in a competitive environment. ![]() The newly acquired funding demonstrates a growing interest in open access fiber network infrastructure as investment. Over the past four years, UTOPIA Fiber has doubled the number of subscribers on its fiber network and has entered into partnerships with several additional communities.” The demand for municipally-owned fiber has skyrocketed and we are excited to be a leader in the industry. “We have the best partners in the business who have worked relentlessly over the past few months to get us to this point. (Senior Managing Underwriter), and Gilmore & Bell (Bond and Disclosure Council).Įxecutive Director of UTOPIA Fiber Roger Timmerman said: (Financial Advisor), KeyBanc Capital Markets Inc. ![]() According to a November 14th press release, UIA secured the funding with Lewis Young Robertson & Burningham, Inc. UIA is a separate entity, but the two operate as an integrat leaders from both entities credit this approach for the growth of the network since 2009. The Utah Infrastructure Agency (UIA) recently announced that it will provide $48 million to UTOPIA Fiber to facilitate expansion of the network. In addition to expanding their own infrastructure, the organization is working across the state line to help Idaho Falls expand a municipal network. UTOPIA Fiber will soon be branching out as they continue to forge partnerships with local communities in their region. ![]()
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