The City of Centennial recently signed an agreement with Ting Internet whereby the former will lease 12 fibers from its fiber ring to the company.
The lease runs for 20 years, and Ting will make a single payment of $302,500 initially, and an annual $4,325 payment, which will increase by 3% per year, for the city to operate and maintain the fibers.
The leased fibers are part of the 432-strand fiber optic network Centennial began building in 2016, after voters approved the Fiber Master Plan – an effort estimated to cost $5.7m. At present, the central fiber ring is complete, and work is ongoing on the east and west rings. The city’s fiber backbone, when finished, will be 50 miles long.
Stephanie Piko, the mayor of Centennial, expressed pleasure in seeing the agreement finalized, the first such lease to be enacted. She believes that having the fiber optic backbone available will bring telecommunications companies in the private sector to the city. She also believes that having the technology available citywide will benefit residents, important city institutions, and businesses alike.
When finished, the fiber optic backbone, which is underground, will connect institutions, businesses, and city departments, making it easier than ever for broadband providers to give superior service to their customers.
Developments like this have a substantial impact, so officials might consider working with a flyer printing company to develop an informative mailer for residents.
