ECFiber Closes on $8.5 Million Financing

  • ECFiber
ROYALTON, VT — The East Central Vermont Telecommunications District (ECFiber), announced that it has successfully raised another $8.5 million of bonding to extend its fiber-optic internet network in several member towns.

“Funding on this scale makes it possible to build out smaller towns border-to-border, while continuing to fill in selected neighborhoods of larger towns where we already have partial coverage,” said district chair Irv Thomae. “It will also allow us to undertake detailed network design for all remaining unserved areas within our service territory, which we expect to finish building in 2019 and 2020 with two additional rounds of financing.”

Construction Progress
At this point ECFiber has over 600 miles of fiber-optic cable serving approximately 2900 customers, spread across 21 of its 24 member towns. Construction is 95 percent or more complete in the first six towns selected for border-to-border coverage, which were Barnard, Pittsfield, Pomfret, Strafford, Thetford and West Windsor. Six more towns selected for full coverage in 2018 (Braintree, Brookfield, Granville, Hancock, Rochester and Stockbridge) are now in various stages of construction. The network design has been completed, pole license applications have been submitted and construction work has begun in these towns. Later in 2018, ECFiber will also build a fiber route through Woodstock to Barnard, connecting the network segment in West Windsor directly to the main network.

Meanwhile, Carole Monroe, CEO of ValleyNet, the non-profit that operates ECFiber’s network under a “design/build/operate” agreement, announced that four additional towns, Royalton, Sharon, Tunbridge and Vershire have been selected for complete network builds in 2019, and pole license applications are already being submitted. We will also build an additional 80 miles of network in unserved areas of the remaining towns where we have considerable interest.

Residents and businesses in these and all other member towns are encouraged to sign up for internet service via online subscription at www.ecfiber.net/subscribe. There is no cost or obligation to take service, but the subscriptions received will help ECFiber plan for installations and new network construction.

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