IQ Fiber Launches $8.4 Million Underground Facility in San Marco | Jax Daily Record | Jacksonville Daily Record

IQ Fiber, a Jacksonville-owned residential fiber optic service provider, began installing underground conduit and fiber optic cable in San Marco on March 15.

On March 1, the company announced plans to install and maintain homes in Atlantic Beach.

Construction costs for the San Marco project are set at $8.4 million.

IQ Fiber is based at 25 N. Market St. Downtown in the Groover-Stewart Building.

“San Marco will now have a smarter choice for broadband broadband,” CEO Ted Schremp said in a statement.

The company will install underground conduits and fiber optic cables in the right-of-way from its Internet source directly to customers’ homes. When neighborhoods have installed the cable, individual customers will have an underground cable extended to a box on the side of the building, which will then be connected inside the building.

The San Marco facility is expected to be completed later this year.

There are three pricing tiers: $65 per month for 250 Mbps that serves one to three devices; $75 per month for 500 Mbps that serves four to 10 devices; and $85 per month for 1,000 Mbps, which serves more than 10 devices, according to its website. Mpbs stands for megabits per second.

Prices reflect all taxes, fees and data caps.

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