A highly anticipated effort to bring high-speed fiber-optic internet service to the western Nevada County area, funded largely through nearly $17 million in grant money, may soon be in new hands.
Race Communications, a Bay Area company, has entered negotiations with Spiral Internet CEO John Paul to acquire Bright Fiber, an independent internet service provider in Nevada County that resells internet from wireline providers and has been working on building a new fiber network in the region.
According to company officials, Race Communications and Bright Fiber have come to an agreement on the terms of the purchase, which are currently pending regulatory approval from the California Public Utilities Commission.
“Bright Fiber offers an exciting opportunity for Race Communications to strengthen and expand its footprint in California,” Race Communications founder and CEO Raul Alcaraz said in a statement. “Our company has decades of experience in the telecom industry and we look forward to providing quality broadband and customer service to the residents in and around Nevada County.”
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Let’s hope this change of ownership will allow the project to move foreard. It has been on the books with not action for too long.