Medina Fiber Secures Funding for Phase 1 of its Build Out

Medina Fiber Secures Funding for Phase 1 of its Build Out  secured Peak Communications as a partner, and formed a company to carry out the project.

  • Lit Communities
  • Medina County Fiber
  • Peak Communications

MEDINA COUNTY, OH — Medina County, Ohio, has secured funding for phase 1 of its fiber network buildout. Along with partner Peak Communications, a smart communication systems company, they announced the formtion of Medina Fiber, an open application fiber-to-the-home company created to bring better broadband infrastructure to the residents of Medina County, Ohio

Medina Fiber has solidified a partnership with Medina County Fiber Network to build the residential fiber network, connecting all the County’s residents in a continuation of what began in 2012, when the vision of a county-wide network first began to be realized.

This first phase of the FTTH network deployment is fully funded, and will cost close to $8 million to construct. Funding for the additional $50 million to be invested in the remainder of the County buildout will be finalized in early 2020.

Executives at Lit Communities have worked with County officials since 2017 to create the plan and model for this venture. Over the past year, the push to finance the project has taken many turns, but the right partnership has finally come together.

We were hoping that banks would be able to provide capital early on, but we had to expand our search to the world of private investment to make this happen. With Peak Communications, we’ve found the perfect partner to get this network started,said Lit Communities CEO Brian Snider.

 

 

 Medina Fiber will also partner with Medina County Fiber Network, the County’s publicly-owned open access network currently serving commercial customers with fiber broadband.

in December 2019, construction will begin on a fiber-to-the-home (FTTH) network in the Villages of Seville and Westfield Center and Guilford Township, and will begin building in the rest of Medina County soon. Medina Fiber has solidified a partnership with Medina County Fiber Network to build the residential fiber network, connecting all the County’s residents in a continuation of what began in 2012, when the vision of a County-wide network first began to be realized. This first phase of the FTTH network deployment is fully funded, and will cost close to $8 million to construct. Funding for the additional $50 million to be invested in the remainder of the County buildout will be finalized in early 2020.

Residents connected to the Medina Fiber network will have the ability to purchase a la carte services in an online environment called the “Lit Store”. Services will at first be offered by two companies, an internet service provider (ISP) called ​iFIBER​, and ​Docity​, a provider of Telehealth services. Additional ISPs and other applications, such as smart home services will be added to the Lit Store as Medina Fiber expands throughout the County.

“​Current cable providers cannot provide the necessary internet bandwidth and the services they offer are very expensive. We have too many students who must travel to a library, just to complete their online homework. Our residents are screaming for more choices and the chance to change from the cable monopoly controlling our township today. Medina Fiber will bring that change through investing in the latest technology and designing a network that can support the needs of our township. We have a great opportunity in Medina Fiber to lay the groundwork for the next generation, right here today,​” said Mayor Carol Carter of Seville.

Smart City Applications

In addition to providing all residents of these communities with ultra-fast and reliable internet, the towns and cities of Medina County will also benefit from the ability to use the network for smart city applications in order to improve transportation and public safety. “​Westfield Center is known for the world renowned Westfield Insurance, but not for being a smart city. Many of our residents work at Westfield Insurance, a company on the cutting edge of technology, that has showed us innovation is a product of a strong community infrastructure. It’s time for our residents to experience fiber-based success by having smart city tools and a high performance Internet service that can support those tools. We face the same challenges as other townships who must deal with cable monopolies: sub-par service and high prices. Medina Fiber is the network we have been waiting for,​ ” said Westfield Center Mayor Tom Horwedel.

The presence of fiber will have a significant impact on the County’s economic development, and improve the property values of those connected to the Medina Fiber network.

Immediate Economic Impact

“​The Medina County Fiber Network has already had a tremendous impact on our local economy, with new telecom choices that allow businesses to save money and continue investing in their operations. This new partnership with the residential fiber network will bring local residents those same cost-saving benefits while greatly enhancing their quality of internet services. We will truly be a Gigabit County, with world-class broadband access that puts us on the map​,” concluded Bethany Dentler, executive director of the Medina County Economic Development Corporation.

Over the course of the winter months, network planning and engineering will occur, with construction ramping up in the spring of 2020 and the first customers being connected in early summer. 

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