Teclo Garcia: Vexus to invest $35 million into a new 100 percent fiber optic network in Missiondfwnewsa | December 2, 2023 | 0 | Technology , Technology News
MISSION, Texas – Mission Economist Development Corporation CEO Teclo Garcia says Vexus Fiber is poised to invest $35 million in Mission for a new gigabyte fiber optic network covering the entire city.
Vexus Fiber is a leading provider of high-speed fiber optic internet and part of the nation’s largest independently owned 100 percent fiber optic network provider. They offer advanced telecommunications services for residents and business customers across Texas, New Mexico, and Louisiana.
Garcia, along with Mission Mayor Norie Gonzalez Garza and Mission City Manager Randy Perez, met with Vexus executives at the Center for Education & Economic Development Corporation earlier this week.
Among the Vexus leaders at the meeting were Mike Gallagher, vice president of business development, Mark Bookout, regional vice president of operations-RGV, Elissa Santillan, residential sales manager, and Dalila Book, customer service manager.
“(It was) an honor to welcome to Mission Vexus Fiber and its $35 million investment into a new 100 percent fiber optic network ushering in a new era of broadband communication and a more competitive market,” Garcia said, in an entry on LinkedIn.
“Vexus Fiber is a leading provider of high-speed fiber-optic internet and part of the nation’s largest independently owned 100 percent fiber optic company.”
Prior to joining Mission EDC Garcia was part of the City of Laredo’s economic development team. At the time he worked to bring Vexus to Laredo.
Garcia thanked the Vexus team for meeting with Mission leaders.
“We look forward to working Vexus connecting thousands of Mission homes and businesses to broadband. The RGV is one of the least connected areas in the country,” Garcia added.
On a posting on Facebook, the City of Mission said: “(The) City of Mission and Mission EDC leadership welcomed Vexus Fiber, a leading provider of high speed fiber optic internet, to the City. Vexus is poised to invest $35 million in Mission for a new Gigabit fiber optic network covering the entire city. Construction is expected to start in the first quarter of 2024. Thanks Mike Gallagher and your Vexus team. We look forward to working with you.”
In October, Vexus announced an expansion and upgrade of its entire network, with the promise of providing a blazing-fast 10 gigabits per second symmetrical speed connectivity to every community it serves across Texas, Louisiana and New Mexico.
Jim Gleason, CEO of Vexus Fiber, said the deployment of a 10-gig network with symmetrical speeds reaffirms his company’s commitment to empowering communities with unmatched internet speeds, unlocking endless possibilities for innovation, economic growth and an enhanced quality of life.
Gleason pointed out that a 10-gig fiber network is often used at data centers or for high-performance computing purposes. He said that as businesses and residents’ need for bandwidth increases through multiple devices, streaming and data processing, having a network built for the future is imperative.
“We’re proud to bring this exceptional 10 gig network with symmetrical speeds to communities in Texas, Louisiana and New Mexico,” Gleason said. “This investment is a testament to our dedication to fostering innovation, economic growth, and an improved quality of life for the residents and businesses across every community we serve. It ensures we support their economic growth for decades by providing a network suitable for advancement.”
Gleason gave an update on Vexus’ plans for the Rio Grande Valley back in March, when he spoke at a McAllen Chamber of Commerce luncheon. He said the construction phase of the company’s project in the RGV would take about three years to complete. By that time, he said, about 175,000 homes in the Harlingen, McAllen, Mission and Edinburg areas would be able to access Vexus’ high-speed fiber optic internet service.
“The Rio Grande Valley was an area that we think is somewhat overlooked by other broadband providers but yet rapidly growing,” Gleason said at the McAllen Chamber event.
Vexus first announced plans to enter the Valley market back in June 2021. At that time the company said it plans to build a new $200 million fiber optic broadband network in the region.
“Residents of the Rio Grande Valley will now have a new, competitive choice for internet, TV and phone services. Our network will be built with future-proof technology that will not only provide homes and businesses with multi-gigabit speeds but will also foster growth and economic development for the Rio Grande Valley region,” Gleason said at the time.
“Demands on bandwidth are high in homes today. Activities such as working from home, online learning and multiple video streams mean residents need a network that delivers lightning-fast upload and download speeds. Vexus plans to bring both multi-gigabit speeds and great Texas-based customer service to the region.”
Employment would include close to 200 construction jobs and 150 permanent jobs for the region, Vexus said.
“We believe economic growth and prosperity are directly tied to a community’s ability to reach gigacity status,” Gleason said. “Vexus is proud to bring 100% fiber internet with a superior infrastructure to the Rio Grande Valley.”
Back in 2021, Vexus said expanding into Valley was being financed through existing Vexus Fiber investors, Pamlico Capital and Oak Hill Capital. Vexus said they had agreed to invest additional equity as part of their ongoing commitment to the company’s growth and the communities they serve.
“Vexus Fiber continues to execute on the macro theme of providing alternatives to cities in Texas for high-speed internet,” said Scott Baker of Oak Hill Capital. “With Vexus, residents can now enjoy high-tech internet with the same reliability and speed enjoyed by those in large metro areas.”
The post Teclo Garcia: Vexus to invest $35 million into a new 100 percent fiber optic network in Mission appeared first on Rio Grande Guardian.