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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Midco® Invests $500 Million in Next Gen Fiber

July 8, 2021 GMT

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Jul 8, 2021--

Midco is leaping ahead with Fiber Forward, an expansive investment that uses the company’s robust fiber network and next gen fiber tech to bring 10 Gig (10G) speeds to the region.

“Fiber Forward is an investment in people. This transformative fiber upgrade will benefit the many folks that we serve,” said Midco President & CEO Pat McAdaragh. “Two years ago, we announced our vision to bring 10G to everyone. It will provide fast symmetrical speeds, low latency, unmatched reliability, and rock-solid security. After much research and testing, we’re set to deploy a mix of next gen fiber technologies to our customers.”

Fiber Forward will begin this year and deliver fiber upgrades, enhanced product offerings, and increased performance.

“Just a few short years ago, a 100 Mbps internet connection was considered amazingly fast. Yet, we continued to innovate, deploying gigabit to our Midco footprint,” said Jon Pederson, Midco’s Chief Technology Innovation Officer. “The pandemic then turned the world upside down, forcing people to work and learn from home. It created an intense need for video conferencing and other high demand applications. Our network performed remarkably well, due in large part to that gigabit upgrade. We know technical innovation will accelerate. Fiber Forward ensures our network can support whatever revolutionary technology comes our way.”

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A future-proof investment, Fiber Forward will lead to improved economic development, education and quality of life in our communities. Midco knows that a strong, reliable network not only tightens our connection to each other, it connects our region with the world. Advancement, innovation and collaboration are at our fingertips.

At Midco, the future is fiber and already underway.

This release is available online in our Press Room.

About Midco

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Midco provides a best-in-class network and a top-notch customer experience while being a force for good in the communities it serves. Midco is the leading provider of reliable, high-speed internet via fiber and fixed wireless technology. By 2025, Midco will deploy 10G, the next great leap for broadband – while also expanding its fiber network to rural areas. The company also delivers TV services including MidcoSN (a regional sports network), phone, data center and advertising services, plus wholesale networking solutions. Midco fiber serves 460,000 homes and business in 400 communities in Kansas, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin. Visit Midco.com to learn more about Midco and how the company has been giving back to communities since 1931.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210708005023/en/

CONTACT: Paige Pearson Meyer

Director of Corporate Communications

Midco®

605.275.6300 |Paige.Pearson@midco.com

KEYWORD: UNITED STATES NORTH AMERICA SOUTH DAKOTA

INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS OTHER TECHNOLOGY TELECOMMUNICATIONS AUDIO/VIDEO NETWORKS INTERNET DATA MANAGEMENT VOIP

SOURCE: Midco

Copyright Business Wire 2021.

PUB: 07/08/2021 04:30 PM/DISC: 07/08/2021 04:31 PM

http://www.businesswire.com/news/home/20210708005023/en