NOVOS Fiber, a fast-growing US fiber internet company, has announced the launch of its largest investment to date in Phoenix, Arizona. The fiber-to-the-home (FTTH) service provider, founded in 2023, currently serves residential users and small businesses in the Dallas-Fort Worth area of Texas. Its sister company, PRIME Fiber, is deploying fiber infrastructure in Florida as a wholesale open access platform. Both companies are backed by InLight Capital, a private equity firm based in Sugar Land, Texas.
"Phoenix is a core strategic market for us," said Andrew Snead, CEO of NOVOS Fiber and PRIME Fiber. "We are excited to start construction in the city and expect to provide high-speed fiber service to residents and small businesses within weeks." Mike Rowley, head of sales and marketing, added: "We are committed to providing more choice and a significantly improved customer experience, and we are excited to expand our service to Phoenix residents."
The company has listed Phoenix and surrounding cities as a priority area for development, and disclosed that it has reserved more than $130 million in investment for this expansion market. "We are fully committed to the Phoenix metropolitan area and are advancing construction planning in multiple cities using both the NOVOS Fiber and PRIME Fiber platforms," emphasized Mr. Snead.