Suddenlink to Invest in "Operation Gigabit"

ST. LOUIS — Propelled by positive second quarter results Suddenlink, an ISP serving parts of Texas, West Virginia, Louisiana, Arkansas, North Carolina, Oklahoma Arizona and elsewhere, has announced a $230 million investment to upgrade its Internet speeds to offer 1 gigabit speeds to its customers.

"Starting in the second half of 2014 and extending through 2017, we expect to invest up to an additional $230 million of capital expenditures, above and beyond our normal expected capital expenditure levels, to significantly enhance our Internet speeds and ultimately position our network to offer speeds of one Gigabit," said Suddenlink chairman and CEO Jerry Kent.

Operation GigaSpeed
Internally known as "Operation GigaSpeed," this initiative will include expenditures to upgrade data network headend equipment, replace any remaining deployed DOCSIS 2.0 customer premises equipment with DOCSIS 3.0 equipment, and complete an all-digital video conversion.

Up to 1 Gbps in 90 Percent of Service Areas
"We expect to complete these enhancements in a phased, market-by-market approach," Kent continued, "focusing first on our largest and most competitive markets. Once fully phased in, the plan calls for our flagship Internet speed to increase from 15 to 200 Mbps and our top speed to increase from over 100 Mbps to 1 Gbps in nearly 90 percent of our service areas. We expect to invest approximately $35 million of the total capital expenditures related to Operation GigaSpeed in the second half of 2014, with the remainder invested during 2015, 2016 and 2017."


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