AT&T adds Raleigh, N.C., to its 1 Gbps FTTP deployment target list

ATT (NYSE: T) has reached an agreement with the city of Raleigh, N.C., to be the next market where it will provide its 1 Gbps U-verse with GigaPower fiber to the premises (FTTP) service.

The plan outlines potential fiber deployments to deliver ultra-fast broadband to parts of Raleigh. Earlier this month ATT also garnered similar agreements to install its service in fellow North Carolina cities Winston-Salem and Durham.

Besides building out the FTTP-based network, the telco is looking to expand its U-verse footprint to more areas of North Carolina. Today, U-verse is available in Raleigh, Cary, Carrboro, Chapel Hill, Greensboro, Winston-Salem, Charlotte, Asheville and surrounding areas.

This agreement follows advanced discussions ATT had with the North Carolina Next Generation Network (NCNGN), a regional initiative focused on stimulating the deployment of next generation networks to North Carolina.

ATT began discussions with the NCNGN about bringing its U-verse GigaPower offering to six communities, including Carrboro, Cary, Chapel Hill, Durham, Raleigh and Winston-Salem, in April.

Outside of North Carolina, the telco began offering its U-verse with GigaPower with initial speeds of up to 300 Mbps in Austin, Texas, and surrounding communities in December 2013. Based on the initial service uptake, the telco later announced plans in January to double the households that would get the higher speed service. In addition to Austin, the service provider plans to extend service to Dallas this summer.

Complementing its efforts in North Carolina and Texas, ATT announced in April it would consider expanding its fiber network to up to 100 of what it calls candidate cities and municipalities nationwide, including 21 new major metropolitan areas.

Further FTTP expansion will be driven by its ability to get permitting approval from local communities and getting access to necessary rights of way to lay fiber and install related network electronics.

TDS extends broadband around Medford and Stetsonville, Wis., serving 1,400 residents

TDS Telecom has put the final touches on a broadband stimulus project around Medford and Stetsonville, Wis., extending service to area businesses and nearly 1,400 residents.

The telco previously completed a portion of this project in mid-November.

For this network build, TDS installed nearly 84 miles of fiber cabling and 18 Remote Terminal (RT) cabinets, which protect the broadband loop carrier and related network electronics, throughout its Midway Telephone Company footprint.

TDS projected the cost of this project to be about $6.2 million. The rural utilities services (RUS) grant covered 75 percent of the cost and TDS invested the remaining 25 percent (about $1.6 million) to expand broadband to more area businesses and residents.

This is one of 11 broadband projects TDS Telecom received RUS grant for in its home state of Wisconsin. In May, the service provider completed a broadband stimulus project serving six counties in central Wisconsin, a buildout that will extend broadband services to about 1,900 area households.

Through the aid American Recovery and Reinvestment Act (ARRA), TDS said it has already expanded access to high-speed Internet service to almost 30,000 households across the territories it serves in the United States.

Cincinnati Bell to cut its stake in CyrusOne

Cincinnati Bell is reducing its ownership of CyrusOne by selling 12.5 million of its units in CyrusOne’s operating partnership, CyrusOne LP.

CyrusOne began a public offering of 12.5 million new shares yesterday.

Participating underwriters have an option to purchase up to 1.875 million additional shares at the same price, if demand warrants.

When this offer is completed, Cincinnati Bell expects to own 49.0 percent (or 46.1 percent if the over-allotment option is exercised) of CyrusOne through its interests in shares of CyrusOne and common units of CyrusOne LP. As of the end of the first quarter of 2014, Cincinnati Bell said it owned 68 percent of CyrusOne.

Driven by the demand for cloud and colocation services, CyrusOne reported $78 million in first-quarter 2014 revenues, up 29 percent year-over-year. Likewise, CyrusOne’s first quarter of 2014 adjusted EBITDA totaled $42 million, up 32 percent compared to the same period a year ago.