Attractive real estate come-on. Rent any of 224 apartments in a new real estate development and automatically get connected at a gigabit. Natural prices for a gigabit are $40-$100, Google's $70 +- $30. Gigabit Internet is a very attractive amenity. One proponent believes "fiber to the home increases the value of a $300,000 home by $5,300 to $6,500," (below)
A $40/month discount is a modest marketing concession on apartments that rent for $1100-$1400. Bakersfield is 120 miles and 3 hours by train north of Los Angeles. It's a desert town dependent on imported water and probably a hard place to sell apartments in a drought.
Randall Stephenson literally 10 years ago told the street that AT&T was already installing fiber in all new developments. After all, glass is cheaper than metal. It was the right thing to do even back then but in practice AT&T was doing nothing of the sort. Carriers without high speeds are just leaving themselves open for folks like this to jump in.
George Soros has put £50m behind Hyperoptic, an English company doing the same.
Fuller Apartment Homes Offers $25 per Month Gigabit Internet Access with TE Connectivity's Passive Optical LAN
MINNEAPOLIS, April 9, 2015 /PRNewswire/ -- TE Connectivity (TE), a world leader in connectivity, has teamed up with Qypsys, a premier infrastructure integrator, and Zhone Technologies, a global leader in fiber access transformation, to deploy TE's Optical LAN Solution for residential high-speed Internet access at Park Square at Seven Oaks. This newly completed 224-unit upscale apartment development in Bakersfield, Calif. offers an innovative, micro-community based broadband model, where residents pay a flat monthly fee of $25, without the hassles of signing up for service, waiting for an installer or committing to long-term contracts.
"The gigabit speed of the network ignites an incredible 'wow' reaction, and that's saying a lot because many of our residents are tech-savvy professionals, consultants and telecommuters," says Andrew Fuller, president of Fuller Apartment Homes and principal at Presidio Capital Partners. "Park Square at Seven Oaks is conveniently located with easy access to top-line amenities including the Seven Oaks' Country Club with its 27-hole championship golf course, schools, hospitals, and restaurants. On top of this, we've built a turbo-charged, instantly accessible information superhighway to our residents' doorstep – and lowered their toll fee in the process."
For Heather Gold, president of the FTTH Council, the positive reaction to fiber-based broadband is not surprising. "Location may be key in real estate, but we've found that having fiber to the home increases the value of a $300,000 home by $5,300 to $6,500," she said. "Residents and homeowners clearly recognize and appreciate the value of ultra-fast broadband."
"Fiber optic networks are fast becoming the gold standard both at work and at home," says Alan Bertsch, president of Qypsys. "Wireless networks such as Wi-Fi and 4G distributed antenna systems also use fiber to carry the traffic from smartphones and tablets. Fuller Apartment Homes is unique in that they build, operate and maintain the network themselves, and in doing so, pass on the savings to their residents. The technology is future-proof and the business model gives them a true competitive advantage."
The TE Optical LAN Solution (OLS) is perfectly suited for the sprawling 14-acre Park Square at Seven Oaks community environment because fiber optics have a 12.5 mile reach, compared to 300 feet for a traditional copper cabling solution. "TE's OLS has many advantages. Besides unparalleled reach and speed, it can save up to 50 percent in equipment costs, 66 percent in power consumption and 80 percent in space requirements, compared to a traditional copper LAN network," says Jaxon Lang, vice president and general manager, Broadband Network Solutions at TE Connectivity.
ABOUT TE CONNECTIVITY
TE Connectivity (TEL) is a $14 billion global technology leader. Our connectivity and sensor solutions are essential in today's increasingly connected world. We collaborate with engineers to transform their concepts into creations – redefining what's possible using intelligent, efficient and high-performing TE products and solutions proven in harsh environments. Our 80,000 people, including 7,500 design engineers, partner with customers in over 150 countries across a wide range of industries. We believe EVERY CONNECTION COUNTS – www.TE.com.
ABOUT FULLER APARTMENT HOMES / PARK SQUARE AT SEVEN OAKS
Since 1986, Fuller Apartment Homes has been a builder owner/operator of upscale apartment home communities within quality neighborhoods throughout the California counties of Kern, Ventura, Santa Barbara and San Luis Obispo. Our nearby properties include Villa Mondavi, Polo Villas, Roundhouse Place, and Park Square At Seven Oaks. We strive to be a leader within our markets and to operate our business with governing core values - integrity, fairness, accountability and unwavering urgency.
Park Square At Seven Oaks is a new luxury community of 224 impeccably designed one bedroom, two bedroom, and loft apartments located in the Seven Oaks master planned community in Bakersfield, California. Ground was broken in January 2014 and the project was substantially completed by March 2015.
Qypsys specializes in the design and deployment of advanced technology platforms. Through the combination of scalable installation forces, RCDD design staff, and certified network engineering capabilities, Qypsys is able to support complex infrastructure projects as a prime or a valuable subcontractor. Qypsys provides turnkey solutions for the distribution of voice, data, and video services across LAN, campus, and metro environments. Qypsys' primary technologies are Passive Optical LANs (POL), Wi-Fi, and Distributed Antenna Systems (DAS). This combination of wired and wireless access solutions makes Qypsys uniquely suited to support enterprise-wide infrastructure initiatives. In addition to turnkey solutions, Qypsys leverages its technical and installation capabilities as a service offering to strategic partners. By providing a la carte access to the various skill sets in our full integration offerings, Qypsys creates a strong value-add proposition for our business partners.
ABOUT ZHONE TECHNOLOGIES
Zhone Technologies, Inc. (ZHNE) is a global leader in fiber access transformation for service provider and enterprise networks, serving more than 750 of the world's most innovative network operators. The IP Zhone is the only solution that enables service providers to build the network of the future today, supporting end-to-end Voice, Data, Entertainment, Social Media, Business, Mobile Backhaul and Mobility service. Zhone is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. Zhone is headquartered in California and its products are manufactured in the USA in a facility that is emission, waste-water and CFC free.
TE Connectivity, TE connectivity (logo), TE (logo) and EVERY CONNECTION COUNTS, are trademarks.