Private Funding Enables GoNetspeed Rapid Expansion

Announcements of GoNetspeed fiber market launches have been coming at a rapid pace. GoNetspeed President and CEO Richard Clark said the company has been able to do this thanks to its reliance primarily on private funding. “By privately funding our infrastructure, we are able to build at a faster pace with access to additional resources. Therefore, we are able to build quicker and more efficiently than competitors,” said Clark. When asked how GoNetspeed decides where to build, Clark said, “When we decide to bring our 100 percent fiber internet to a new community, we look at the needs of the community. Oftentimes we see that communities lack options and lack access to service, so for many communities we strive to be a new option and a new solution to help bridge the digital divide.” Usually when GoNetspeed enters a market, it isn’t the first provider in the area. The company differentiates itself by offering fiber internet with symmetrical speeds. While most of GoNetspeed’s infrastructure is free of government funding, it has done a few partnerships with communities in which the communities contributed government funding that they had received. As far as tapping into new sources of government funding in the future, Clark said GoNetspeed is open to partnering with communities that would like to discuss this as an option, and those interested in welcoming an additional service provider.