NOVOS FiBER, a fiber-to-the-home (FTTH) and internet service provider (ISP), has officially launched its services in the Dallas-Fort Worth area, starting with Arlington, Texas. The company, headquartered in Dallas, was founded in 2022 with the goal of addressing the digital divide in the United States.
Backed by substantial funding from InLight Capital, NOVOS FiBER aims to provide high-speed internet to underserved families and small businesses not only in Texas but also in other regions. Founder and CEO Andrew Snead highlighted the persistent gap in high-speed fiber internet access despite increased infrastructure investments.
Snead emphasized the company's commitment to making a positive impact, stating, "We have great support from our investors and an exciting plan which we're executing against." NOVOS FiBER plans to offer affordable high-speed fiber internet while differentiating itself through a customer-focused and enjoyable experience. Snead expressed the company's desire to simplify interactions and bring a touch of fun to the internet service sector.
The company, in collaboration with InLight Capital, has substantial capital to deploy and intends to expand its retail ISP presence. Plans include further investment in wholesale and open-access services to enhance connectivity options for consumers.
NOVOS FiBER has already commenced a significant build project in Arlington, allocating more than $20 million for FTTH deployment in the upcoming weeks and months. The company is actively engaging with multiple cities across the Dallas-Fort Worth area to extend its reach.
Andrew Snead expressed excitement about the progress in Arlington, stating, "We're delighted to be working with the city of Arlington to bring high-speed fiber internet to residents and small businesses." The company's team has been working in the city for several months, and the project marks a significant step toward achieving its mission.
Sutton Fannon, Head of Private Investments at InLight Capital, highlighted broader plans for NOVOS FiBER in the United States. Fannon emphasized the belief in addressing the significant unmet need for high-speed internet in various communities. The investment in NOVOS FiBER aims to contribute to economic growth and societal well-being by deploying fiber infrastructure. Fannon expressed enthusiasm for the ambitious plans to fulfill the growing demand for reliable and high-speed internet services.
