IQ Fiber will provide10 gigabit capable fiber-optic internet to Atlantic Beach beginning this spring.
The company, based Downtown at 25 N. Market St. in the Groover-Stewart Building in Jacksonville, was chosen to initially provide the service throughout Atlantic Beach.
The company will install in the right-of-way underground conduit and fiber-optic cables from its internet source directly to customers’ homes. When neighborhoods have the cable installed individual customers will have underground cable extend to a box on the side of the building, which will then be connected to the interior of the building.
IQ Fiber will compete with AT&T and Comcast. It is starting in Duval County with plans to expand into Clay, Nassau and St. Johns counties, according to the Fierce Telecom website.
SDC Capital Partners, based in New York, has made a majority investment in the company. SDC also owns a 48% stake in Allo Communications of Lincoln, Nebraska.
It is estimated that broadband usage increases by 25% per year in the U.S., according to a news release.
“We are building not just a network that is purpose-built for the modern internet, but also providing a streamlined and simplified customer experience that removes the hassles consumers endure today,” said IQ Fiber CEO Ted Schremp in the release.
Schremp has held leadership positions with Charter Communications, TiVo and Web.com.
There are three pricing tiers: $65 per month for 250 Mbps that serves one to three devices; $75 per month for 500 Mbps that serves four to 10 devices; and $85 per month for 1000 Mbps, which serves more than 10 devices, according to its website. Mpbs stands for megabits per second.
The prices reflect all taxes, fees and data caps.
“We welcome IQ Fiber to Atlantic Beach and are very pleased that fiber-optic service is being made available to our community,” Atlantic Beach Mayor Ellen Glasser said in the release.
“I’m certain our residents and businesses will appreciate having a new choice for internet service – and that the service is being provided by a local company.”
IQ Fiber is compatible with cable television and home security providers.