In the next three to five years, the company plans to expand its fiber services. Plans to enter Arizona and Colorado as well as Nebraska, Nevada, and Idaho were previously announced. According to the report, the company hopes to expand to 22 metro areas by the year's end.
In 2016 it was reported that the business laid off 9 percent of its workforce and paused plans to launch in over half a dozen cities. In subsequent years, reports emerged that the company was canceling hundreds of installations in existing metro areas, and left Louisville, Kentucky after an ill-fated experiment with laying fiber cabling in ultra-shallow trenches.
“No, we are not trying to build the entire country”
The company is in a position to grow, with its CEO saying that the team is ready to add a little bit more build speed. It was the first new state in five years when it was launched in West Des Moines, Iowa in March.
Jain says that his hopes of regaining traction are not very high. He told the news agency that there was an idea 10 years ago that the company was trying to build the whole country. We are not trying to build the whole country. Jain said in his post that expansion will continue in existing metro areas.
It was launched in 2010 to drive the adoption of faster internet speeds at lower cost, partly by offering it directly, and partly by forcing incumbent US providers to compete. Jain was an executive at Time Warner. He told the news agency that they were so paranoid.
At a time of belt-tightening at the tech industry, the news of the expansion of the Fiber service by the company is very interesting. The company announced a hiring freeze last month while it reviewed its needs, making it the latest tech giant to take stock. In the last few years, the company has been more willing to shut down experimental projects. The energy kite division was wound down in 2020.
Jain says that the goal is to build businesses that will be successful in and of their own right.