The Northeast Oklahoma Electric Cooperative, serving a five county rural region, plans to begin offering gigabit service in its territory by the end of 2014. The cooperative has formed Bolt Fiber Optic Services to offer connectivity to approximately 32,000 homes and businesses.
According to Light Reading, the infrastructure is funded with a $90 million loan from the Rural Utilities Service. Sheila Allgood, manager of Bolt, notes that the entity is separate, but “profit or loss will go back to the co-op.” Bolt will offer triple-play packages with a third party contracted to offer the VoIP services.
The project also includes a data center, already under construction, that will house network equipment and provide collocation services.
From the cooperative’s newsletter announcing the project in December 2013:
The initial phase of the project will deliver fiber in areas of the largest population density (14-20 homes per mile) with subsequent phases eventually working their way into more remote, outlying areas. “We anticipate that the first phase of the project should be available to roughly one-third of Northeast Oklahoma Electric Co- operative’s membership,” explained Due. “A significant number of businesses and community institutions in our area would also be connected during this phase.”
The cooperative lists monthly residential prices as 20 Mbps for $49.99 per month, 50 Mbps for $63.99 per month, 100 Mbps for $83.99 per month, and 1 Gbps for $249.99 per month. All speeds are symmetrical. Bolt is asking interested customers to sign up with a $100 installation fee.
Project completion is scheduled for April 2017.
The Cooperative has produced a short promotional video to get the word out: