April 20, 2020 6:10 pm
Denver, CO, April 20, 2020 – The City of Lucas Texas has selected Magellan Advisors to develop its fiber to the home network design and financial plan, which will determine the best approach for the City to deploy broadband services to its community.
The goal of the project is to provide accurate and directional information to the City so it can make informed decisions on how to deploy broadband services to the community. Magellan will bring its decades of experience in real-world results of broadband operations to the City and use its financial modeling tools to assess financial performance, risk and conduct scenario analysis.
Magellan Advisors will deliver a detailed financial model that provides city leaders with the items necessary to project long-term investment requirements as well as providing the knowledge and experience to advise the City on the inherent risks associated with the deployment of a municipal broadband network.
Magellan Advisors has worked with numerous communities throughout Texas, including the Cities of Mont Belvieu, Dayton, and New Braunfels, as well as the Northeast Texas Distance Learning Consortium (NetNet) and its 50 rural Northeast Texas counties they serve. For the City of Mont Belvieu, Magellan provided its turnkey implementation services to plan, engineer, build and launch Mont Belvieu’s gigabit fiber to the home network, which has been touted by the Houston Chronicle as having the “Best Internet in Texas.” After 2 years, Mont Belvieu’s network has a nearly 70% subscription rate and 100% of the homes and businesses have access to the network at 1 gigabit symmetrical speeds.
Magellan Advisors looks forward to working with the City of Lucas and providing financial and network design recommendations to the City leadership in an effort bring next generation fiber-based services to the citizens of the Lucas community.
About Magellan Advisors
Magellan plans and develops the infrastructure that will power our cities for the next 20 years. From gigabit fiber broadband to smart grid networks to the Internet of Things, Magellan develops the most advanced fiber and wireless networks to support thriving communities of the future.
Magellan provides turnkey planning, design, deployment and operations of the fastest, most technologically advanced networks around, connecting the world at light speed and ushering in the next evolution of devices and applications in our homes, businesses and communities.
Magellan assists utilities, governments and carriers plan and execute strategic deployments of fiber and wireless networks to meet the needs of their customers, giving them a single partner that manages every step in the process and ensures that networks are delivered on time and on budget.
# # #