Mediacom Plans $1 Billion in Gigabit Upgrades

In recognition of the 20th anniversary of its first cable system purchase, Mediacom Communications intends to invest $1 billion over the next three years to upgrade and expand its broadband network. Headlining the list of planned company initiatives is "Project Gigabit," a plan to make 1 Gbps Internet services available to virtually all of the 3 million homes and businesses within the MSO's 22-state footprint.

Project Gigabit will build upon the residential gigabit product launches completed by Mediacom in 2015 and the Gigabit+ Fiber Solutions offered by Mediacom Business today. The company expects to bring the first wave of Project Gigabit communities online as early as the fourth quarter of 2016.

In addition to Project Gigabit, Mediacom's $1 billion capital investment plan will fund a number of other initiatives, including:

• Expansion of Mediacom Business's fiber network inside downtown areas and commercial districts
• Extension of Mediacom's residential video, Internet and phone network in order to pass at least an additional 50,000 homes
• Deployment of community WiFi access points throughout high-traffic commercial and public areas across Mediacom's national footprint