SEATTLE, WA — GigabitNow, a provider of internet access and IT services in the Pacific Northwest, announced that the Benaroya Companies have made an equity investment in IsoFusion and will also provide $14 million dollars in project financing capital which allows GigabitNow to significantly expand its operations. GigabitNow’s new in-house financing capabilities will allow it to expedite its network construction financing for private communities and municipalities in the U.S. including the initial costs of network development and deployment.
“Over the last few years, we have seen many underserved communities, essentially abandoned by the larger ISPs, causing them to be forced to live without the advantages of high-speed fiber broadband.” said Stephen Milton, CEO of GigabitNow. “This investment and our continued expansion in the western United States allows us to continue our efforts to bring fast, reliable, fiber Internet connectivity to private communities and municipalities who can benefit from it most.”
A Complete Turnkey Solution for Communities
GigabitNow is now financially empowered to assist in the financing the community’s costs for the development and construction of FTTH networks. GigabitNow now offers a complete turnkey solution to those who want to bring their community into the 21st-century internet connected world without dedicating the significant front-end capital costs.
“We are thrilled to accelerate GigabitNow’s expansion and financing capabilities to provide underserved residential communities and municipalities with fast, affordable Internet service backed by world-class customer support,” said Larry Benaroya, Benaroya Companies principal. “As a recognized leader in Fiber-to-the-Home networks in the U.S., GigabitNow is uniquely positioned to deliver reliable, high- performance solutions to communities throughout the U.S.”
GigabitNow has been supporting the development of high-speed broadband and FTTH communities since 2004, offering planning, design, construction, and long-term management of operations. GigabitNow is a strong proponent of network neutrality serving residential communities and businesses large and small, with the express goal of providing the benefits of an open, fast internet.