After the recent agreement with the Dutch fund management company APG (APG and SiFi Networks established a joint venture to further build 10G FTTP), the cash-rich SiFi Networks stated that it plans to launch an open access network for 30 FiberCities in the United States by the end of 2022. The company’s chief executive Ben Bawtree-Jobson said the company will invest US$2 billion in private investment funds.
SiFi Networks cooperates with local authorities to build an open-access optical fiber city FTTP infrastructure. The company is currently active in East Hartford, Connecticut; Salem, Massachusetts; Saratoga Springs, New York; Placentia, Simi Valley, and Fullerton, California. SiFi Networks said it is “actively working with” nearly 100 communities.
According to reports, service providers that provide services through SiFi Networks’ FTTP infrastructure include GigabitNow and Flume Internet. SiFi Networks stated that it has created a partnership program that enables Internet Service Providers (ISPs) to receive RFPs and accept operational reviews, and may have access to potential customers connected to SiFi Networks’ FTTP infrastructure.
Bawtree-Jobson said: “SiFi Networks is in a period of rapid growth. We are raising a lot of funds to promote growth plans. We will expand fiber deployment next month and expect to cover more than 40,000 households per month by 2023. In our FiberCities In China, we provide open access fiber to every family, enterprise and designated institution in the communities we serve.”