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The telecommunications industry spent over $90 billion in the past several years laying long-haul optical fiber between cities and building metro area fiber networks. However, today's fiber infrastructure is still vastly inadequate on a local level, with minimal "Last Mile" fiber connecting commercial and residential buildings in metro areas to the long-haul network. Although the fiber highway has been built, there are no on-ramps providing access for local businesses and residences.
Available infrastructure in the metro access network or "Last Mile" consists predominantly of outdated copper lines leaving demand for high-speed fiber connectivity largely unsatisfied.
- Less than 5% of the 750,000 commercial buildings in the U.S. have direct connections to local fiber networks.
- "Last Mile" broadband connectivity in U.S. metro areas is projected to grow at a rate of 20% annually.
Only fiber's virtually unlimited bandwidth and quick provisioning time is capable of supporting the next-generation services (e.g., true video-on-demand, real-time teleconferencing) that are expected to bring our society into an actual digital age.
The local fiber infrastructure remains vastly under-built because of the exorbitantly high cost of completing "Last Mile" fiber networks with traditional fiber trenching methods. Until now there has been no widespread, cost-effective way for communications service providers to access mass market end-users through "Last Mile" fiber networks and to unlock this pent up consumer demand.
Learn more about how Renaissance works with communications service providers.
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