Expansion of Charter will grow rural economy and present investment opportunity | New

Information provided by Charter Communications indicates that the company has received grants from the Rural Digital Opportunity Fund in 83 counties to provide services to more than 128,000 locations in North Carolina.

The $ 142 million federal funding will be matched with about twice as much private funding in targeted projects, according to Michael E. Tanck, the company’s director of government affairs.

The grants were awarded to CCO Holding, LLC. All new services will have a standard speed of 200 Mbps (megabytes per second) with optional service up to 1 Gigabit.

“Doing all the construction in the county, North Carolina and across the country will be a very big business for Charter,” Tanck said in an email to the county. “We are actively expanding our workforce and developing our plan to do this work. Many details are still being worked out as RDOF prices were only recently announced. We look forward to sharing more information on our construction plans when they become known.

A press release from the company said the new broadband service is in addition to Charter’s existing network expansion plans, including many state broadband grant projects, as well as funded expansions. by the private sector previously planned by the company.

“The initiative provides Charter with an attractive long-term investment opportunity as it will drive additional customer growth through an expanded footprint in unserved areas,” the press release said. “Additionally, the presence of Charter’s modern communications network in these rural areas can result in economic development and more homes and businesses for Charter to serve in these communities and additional construction in adjacent communities, producing better returns. on investment over time. Charter looks forward to participating in other public-private partnerships to expand broadband access.

The recent COVID 19 pandemic has shown how important broadband service is to all residents, Tanck said.

“It doesn’t matter whether it’s for distance education, virtual medical appointments, working from home, or just keeping in touch with friends and family, broadband access is more important than never, ”he said.

About Keneth T. Graves

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