NextLink Internet Awarded Funds from FCC’s Connect America Fund Program to Help Close the Digital Divide in Rural America Across Six States in Central U.S.

Funding Rounds

Summary

As part of its requirements, NextLink will deploy service within six years to more than 100,000 homes and businesses in rural areas of Texas, Oklahoma, Illinois, Iowa, Kansas and Nebraska. When we look back 5 years from now, I know my team will be extremely proud to see the role they played in changing the digital landscape in those communities just as we have done in our current service area,” Baker added. The FCC requires Nextlink and fellow CAF providers to build out to 40 percent of the assigned homes and businesses within three years of becoming authorized to receive support. “This rural broadband initiative is essential to America’s economic success and the Nextlink team certainly plans to beat the deployment timeline requirements by a wide margin,” Baker said. Buildout must increase by 20 percent in each subsequent year, until complete buildout is reached by the end of the sixth year.“This rural broadband initiative is essential to America’s economic success and the Nextlink team certainly plans to beat the deployment timeline requirements by a wide margin,” Baker said.About Connect AmericaThe Connect America Fund Phase II auction dubbed CAF2, utilizes market dynamics to ensure higher performance and capital efficiency through a highly competitive reverse auction process.About Nextlink InternetFounded in 2012, Nextlink Internet is an Internet Service Provider (ISP) delivering high speed internet and voice services in Texas and Oklahoma to residential, business, school district and government customers.

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Amount - Total raised
Date August 7, 2019 Announcement date
Investors - Lead investors
Company nextlinkhousing.co.uk Funded company

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