Brightspeed Secures Major Funding for Fiber Broadband Growth

Brightspeed Gains $110.7 Million in New BEAD Grants

Brightspeed has been awarded a significant funding boost of $110.7 million in federal Broadband Equity Access and Deployment (BEAD) program grants. This funding will enhance their fiber broadband expansion efforts across four states, bringing reliable internet connectivity to new areas and supporting a growing number of communities.

Expansion Impacting Rural and Suburban Areas

With this latest funding, the total BEAD grant funding Brightspeed has secured across ten states now amounts to $332.8 million. This investment aims to connect an impressive 93,000 Americans residing in rural regions, a critical step towards bridging the digital divide that many face today.

Connecting More Locations

The newly acquired funds will connect an additional 19,222 homes and businesses to their state-of-the-art Brightspeed Fiber Internet network. The states benefiting from this expansion include Louisiana, New Jersey, North Carolina, and Tennessee. This initiative follows a previous announcement where Brightspeed was awarded more than $222 million in BEAD grants, targeting over 73,000 locations in several different states.

Leadership’s Vision

Brightspeed’s Executive Chairman & CEO, Michel Combes, articulated the company's ambitious vision: "From the start, our vision has been bold: to transform what's possible for millions of people in rural and suburban America." The BEAD program is essential in driving this vision forward, facilitating opportunities that enhance learning, innovation, and local economic growth.

Investment in Future Connectivity

Brightspeed is making substantial investments into deploying next-generation fiber-optic broadband technology, impacting over five million locations across twenty states. In the aforementioned states alone, nearly 630,000 homes and businesses already benefit from this multi-gig-speed internet service, with thousands more getting connected as part of the roll-out plan.

Funding Breakdown

The breakdown of the latest BEAD program awards is noteworthy:

• Louisiana: $5,751,955 for 2,609 locations
• New Jersey: $37,500 for 112 locations
• North Carolina: $90,599,048 for 13,744 locations
• Tennessee: $14,338,845 for 2,757 locations

In addition to the BEAD funding, Brightspeed has already received more than $261 million in American Rescue Plan Act (ARPA) funds, targeting high-speed connectivity for over 114,000 Americans within those four states. These combined efforts showcase the company's commitment to ensuring that more communities receive the connectivity they desperately need.

Continuing the Mission

Brightspeed remains dedicated to further securing state and federal grants, with a singular focus: delivering fast and reliable internet to underserved populations. “For families, students, and small businesses, fast and reliable internet is a bridge to opportunity,” shared Pamela Sherwood, Vice President of Brightspeed Broadband Office. “With support from BEAD, we can extend that bridge to more communities across our footprint.”

Frequently Asked Questions

What is the purpose of the BEAD grants?

The BEAD grants aim to improve broadband connectivity across underserved communities, ensuring greater access to high-speed internet.

How much total BEAD funding has Brightspeed received?

Brightspeed has received a total of $332.8 million in BEAD grant funding across ten states.

Which states are included in the latest expansion?

The latest expansion focuses on Louisiana, New Jersey, North Carolina, and Tennessee.

How many homes and businesses will be connected?

This new funding allows Brightspeed to connect an additional 19,222 homes and businesses.

What is Brightspeed's commitment towards broadband?

Brightspeed is committed to investing in next-generation fiber-optic technology to enhance connectivity for millions of Americans.

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