Update on Optimum/Altice Fiber Optic Network Project
Message from From Altice USA
Altice USA is building a next-generation fiber-to-the-home (FTTH) network capable of delivering broadband speeds of up to 10 Gbps across its footprint, including in Franklin Lakes. Altice USA will extend fiber deeper into its existing hybrid fiber coax (HFC) network and leverage cutting-edge and proprietary technologies developed by Altice Labs, the company's global research and development arm, to create its state-of-the-art system. This full-scale initiative reflects Altice's investment in technology and innovation across the globe and reinforces its commitment to its Optimum residential and business customers. The FTTH buildout in Franklin Lakes will continue for another four to five weeks.
Municipal Impact of All-Fiber Networks
The Fiber-to-the-Home project will provide the below positive impacts to customers in Franklin Lakes:
- Increased Home Values: Access to gigabit FTTH connections can increase a home's valuation by up to 3.1%. This home value increase is equivalent to adding a fireplace, just under half the value of a bathroom or a quarter of a swimming pool to one's home.
- Increased municipal revenue: A 2014 study produced by the Fiber Broadband Association (formerly known as the FTTH Council) found higher per capita GDP (1.1%) in communities where gigabit Internet was available.
- This amounted to approximately $1.4 billion in additional GDP for the 14 gigabit communities analyzed in this study over other similarly situated communities without gigabit access.
- Community Development: A FTTH network helps municipalities in their competition to attract new businesses, industries, and talent.
- Forward thinking companies are attracted to communities that not only have bandwidth for today's applications but are futureproofed for tomorrow's jobs and economic growth.
- Fiber connectivity encourages businesses to stay, grow and become more productive, and attracts new businesses particularly in high-tech industries.
- Competitive Advantage: Fiber-fed communities create a competitive advantage over regions without strong fiber networks by:
- Attracting new businesses and industries such as advanced manufacturing, contact centers to data centers.
- Nurturing tech startups and home-based businesses that will provide tomorrow's jobs.
- Providing better education and health care for residents; and
- Delivering government services more efficiently and engage citizens in government.