Market Overview

GoNetspeed Now Offering High-Speed Fiber Optic Internet in Select Connecticut Neighborhoods


Provides high-speed bandwidth to better accommodate households with
multiple devices, streaming and content sharing

GoNetspeed, a high-speed fiber optic Internet provider, today announced
it has completed the buildout of its initial network in West Hartford,
New Haven and Bridgeport, Connecticut, providing residential customers
and small businesses access to Internet speeds up to 1 Gigabit (Gbps)
per second (both download and upload), the fastest in the area. The
company has constructed an initial footprint of more than 50 miles of
high-speed fiber optic network in Connecticut with the ability to serve
over 12,000 homes—and plans to quickly expand to nearby communities as
part of its multi-year, multi-million dollar private investment in

"Having access to high-speed Internet service has become as critical a
resource to residents as electricity," said Larry Coleman, President at
GoNetspeed. "More people are "cutting the cord," moving away from cable
providers and running online streaming services which increases the
demand for bandwidth. We can now offer residents a faster, more
cost-effective alternative without having to worry about network
reliability or hidden contract fees."

The rate of consumers dropping cable and satellite TV packages has hit
the highest level ever, and Internet TV subscribership is on a rapid
rise. According to new estimates from research firm eMarketer,
U.S. consumers who have canceled traditional pay-TV service and not
re-subscribed will jump to more than 32 percent, or 33 million adults,
by the end of 2018. This national cord-cutting trend also coincides with
the fact that more cord-cutters are turning to Internet streaming
services with nearly 148 million people in the U.S. watching Netflix at
least once per month.

"What differentiates GoNetspeed from other providers is our ability to
offer customers direct access to 100 percent fiber connectivity, without
any extra fees or taxes, and with no contract required," added Coleman.
"We also provide customers a Lifetime
Price Pledge
that guarantees they pay the same price for their
Internet speeds for the entire time they remain a customer within a
GoNetspeed service territory."

Today the company offers residential service plans starting at $50 for
100 Mbps (Megabits per second), as well as options for 500 Mbps and 1
Gbps (Gigabits per second). As an introductory offer, the company is
also waiving its installation fee, a $100 value, for all serviceable

The company will continue to expand into new neighborhoods and areas
throughout Connecticut based on demand, noting areas need at least 15%
interest for consideration. Communities are encouraged to register on
the GoNetspeed's website.
The company has hired Brian Quinn as its Director of Sales and Ken Lane
as Market Operations Manager to lead its awareness and expansion
activities in Connecticut, with plans to add other employees as it
continues to grow its network footprint. It also works with local
contractors to help perform customer installations.

About GoNetspeed

GoNetspeed is a high-speed fiber-optic Internet provider serving
residential and small business customers. The company was founded by
Frank Chiaino, who also formed Fibertech Networks, which built more than
14,000 miles of fiber networks across the Northeast - including more
than 2,500 route miles in Connecticut. GoNetspeed is now serving 14
communities throughout Pennsylvania and Connecticut. For more
information on the company, or to inquire about service for your
residence or community, please visit

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