SiFi Networks will make $100 million private investment to bring open-access fiber network to the city
McKINNEY, Texas (Feb. 10, 2023) – The McKinney City Council approved an agreement with SiFi Networks to deploy its open-access fiber network in every neighborhood in the city, bringing the availability of faster internet to every resident.
Through the agreement, SiFi Networks gain access to the public right-of-way to build its fiber optic network across the city. The FiberCity® network will be built out to provide a high-speed fiber internet connectivity point to every premise in McKinney.
“This agreement represents a multimillion-dollar private investment to improve our infrastructure at zero cost to our city and residents,” said Mayor George Fuller. “This will increase choice, drive competition, and hopefully lower prices for internet access for residents, as well as promote equality for accessibility across the city.”
SiFi Networks owns, operates, and maintains the fiber network but will contract with Internet Service Providers to provide choice and competitively priced services to residential and business subscribers seeking gigabit internet speeds.
“Providing high quality and reliable city-wide fiber optic network is critical technology infrastructure for residents, businesses and city services,” said Peter Tokar, President of the McKinney Economic Development Corporation. “The city’s partnership with SiFi represents our continued efforts to be a technology-driven leading city in our region.”