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PRIME FiBER Breaks Ground in Sun City, Arizona as Part of Wholesale Fiber Agreement with AT&T

1. PRIME FiBER starts construction of fiber network in Sun City, Arizona. 2. Collaboration with AT&T aims for 60 million fiber locations by 2030. 3. Project enhances high-speed internet access in Arizona's metroplex. 4. Service areas expected to go live in the coming months.

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FAQ

Why Bullish?

AT&T's network expansion could improve customer retention and attract new users, enhancing revenue.

How important is it?

The expansion aligns with AT&T's growth strategy, potentially boosting T's stock performance over time.

Why Long Term?

Long-term benefits from network expansion can result in sustained revenue growth, similar to prior fiber rollouts.

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, /PRNewswire/ -- PRIME FiBER, an open-access fiber infrastructure provider, backed by InLight Capital, announced the start of construction on its high-speed fiber network in Sun City, Arizona.The build, part of PRIME FiBER's wholesale fiber broadband services agreement with AT&T, follows a ceremonial groundbreaking held on June 18 and marks a key milestone in PRIME FiBER's expansion in Arizona. It also represents the second U.S. state where PRIME FİBER is actively building open-access infrastructure, following its deployments in Florida. PRIME FiBER "This is a big moment for Sun City," said George Karatzis, Chief Build Officer at PRIME FiBER. "Our team is proud to officially kick off construction and begin delivering the kind of infrastructure that helps communities thrive. We're focused on building networks that bring faster speeds, greater reliability, and long-term value to local residents." "We are committed to delivering fast, reliable internet for our customers across the country," said Caleb Deerinwater, SVP Transformation and Enablement at AT&T. "Our collaboration with PRIME FiBER in Sun City will bring us one step closer to our goal of reaching 60-million fiber locations in the U.S. by the end of 2030."The Sun City project is part of a broader deployment by PRIME FiBER to deliver high-speed fiber internet across the metroplex, including Peoria and the City of Phoenix.The first service areas in Sun City are expected to go live in the coming months.About PRIME FiBERPRIME FiBER is an open-access fiber-to-the-home (FTTH) infrastructure provider serving ISPs, infrastructure consolidators, and enterprises across the U.S. PRIME FiBER is funded by InLight Capital, a private investment firm based in Sugar Land, Texas.About AT&TWe help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.About InLight Capital InLight Capital, LLC ("InLight") is a private investment firm based in Sugar Land, Texas. InLight's permanent capital base allows us to pursue an objective of long duration compounded capital growth. InLight maintains flexibility and discretion of the amount, duration and objectives of its invested capital, allowing for efficient decision making and strategic alignment with all stakeholders. InLight invests across two primary verticals: private investments and real estate.For media inquiries or partnership information, visit www.primefiberco.com. Media Contact: Brittany Alia, [email protected]SOURCE PRIME FiBER WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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