Kinetic Completes $3 Million Fiber Internet Expansion in China Grove
Kinetic (NYSE:UNIT) has completed a $3 million fiber network expansion project in China Grove, bringing multi-gig internet speeds to 3,060 additional locations. The project, funded entirely through private capital investment, has elevated China Grove to a 'Gig-Ready' community status, with over 75% of the town now having access to Kinetic's Next Generation Gigabit Internet.
Research indicates communities with fiber experience significant benefits, including 213% higher business growth, 10% higher self-employment, and 14-17% increase in home values. The expansion aims to enhance digital equity, supporting remote work, education, local businesses, and telehealth services.
Kinetic (NYSE: UNIT) ha completato un progetto di espansione della rete in fibra da 3 milioni di dollari a China Grove, portando velocità Internet multi-gigabit a 3.060 sedi aggiuntive. Il progetto, interamente finanziato da investimenti privati, ha elevato China Grove allo status di comunità "Gig-Ready", con oltre il 75% della città ora in grado di accedere al Next Generation Gigabit Internet di Kinetic. Le ricerche indicano che le comunità dotate di fibra sperimentano benefici significativi, tra cui crescita aziendale superiore del 213%, aumento del 10% del lavoro autonomo, e un incremento dal 14% al 17% nel valore delle abitazioni. L'espansione punta a migliorare l'equità digitale, sostenendo il lavoro da remoto, l'istruzione, le imprese locali e i servizi di telemedicina.
Kinetic (NYSE: UNIT) ha completado un proyecto de expansión de la red de fibra óptica de 3 millones de dólares en China Grove, llevando velocidades de Internet multi-gigabit a 3.060 ubicaciones adicionales. El proyecto, financiado íntegramente con inversión de capital privado, ha elevado a China Grove al estatus de comunidad "listo para gigabit", con más del 75% del municipio ya con acceso al Internet Gigabit de Nueva Generación de Kinetic. Investigaciones señalan que las comunidades con fibra experimentan beneficios significativos, incluyendo un crecimiento de negocios del 213%, un 10% más de autoempleo, y un aumento del 14-17% en los valores de las viviendas. La expansión busca mejorar la equidad digital, apoyando el trabajo remoto, la educación, los negocios locales y los servicios de telemedicina.
Kinetic (NYSE: UNIT)가 중국 그로브에서 300만 달러 규모의 fiber 네트워크 확장 프로젝트를 완료하여 추가로 3,060개 위치에 멀티 기가바이트 인터넷 속도를 제공합니다. 이 프로젝트는 전적으로 민간 자본 투자로 자금 조달되었으며, 중국 그로브를 기가빌리 준비된(Gig-Ready) 커뮤니티로 격상시켰으며, 도시의 75% 이상이 이제 Kinetic의 차세대 기가비트 인터넷에 접근할 수 있습니다. 연구에 따르면 fiber가 설치된 커뮤니티는 사업 성장 213% 증가, 자영업 증가 10%, 주택가치 14-17% 증가 등 상당한 혜택을 경험합니다. 확장은 원격 근무, 교육, 지역 비즈니스, 원격의료 서비스를 지원하며 디지털 형평성을 높이는 것을 목표로 합니다.
Kinetic (NYSE: UNIT) a achevé un projet d’extension du réseau en fibre d’un coût de 3 millions de dollars à China Grove, apportant des vitesses Internet multi-gigabits à 3 060 emplacements supplémentaires. Le projet, entièrement financé par des investissements privés, a hissé China Grove au rang de communauté « Gig-Ready », avec plus de 75% de la ville ayant désormais accès au Next Generation Gigabit Internet de Kinetic. Des recherches indiquent que les communautés disposant de la fibre bénéficient de gains importants, notamment une croissance commerciale de 213%, un emploi indépendant supérieur de 10% et une augmentation des valeurs immobilières de 14 à 17%. L’expansion vise à renforcer l’équité numérique, en soutenant le travail à distance, l’éducation, les entreprises locales et les services de télésanté.
Kinetic (NYSE: UNIT) hat ein 3-Millionen-Dollar-Faservernetzausbauprojekt in China Grove abgeschlossen und damit multi-Gigabit-Internetgeschwindigkeiten an 3.060 zusätzliche Standorte gebracht. Das Projekt wurde vollständig durch private Kapitalinvestitionen finanziert und hat China Grove zum Status einer „Gig-Ready“-Gemeinde erhoben, wobei über 75% der Stadt nun Zugang zum Next Generation Gigabit Internet von Kinetic haben. Forschungen zeigen, dass Gemeinwesen mit Glasfaser signifikante Vorteile erleben, darunter 213% höheres Unternehmenswachstum, 10% mehr Selbstständigkeit und eine Steigerung der Immobilienwerte um 14–17%. Die Expansion zielt darauf ab, digitale Chancengleichheit zu verbessern und Remote-Arbeit, Bildung, lokale Unternehmen sowie Telemedizin zu unterstützen.
كينيتيك (بورصة نيويورك: UNIT) أكملت مشروع توسيع شبكة ألياف بصرية بقيمة 3 ملايين دولار في تشاينا غروف، والذي يتيح سرعات الإنترنت متعددة الجيجابت ل 3,060 موقعاً إضافياً. تم تمويل المشروع بالكامل من خلال استثمار رأس مال خاص، ورفع من شأن تشايناغروف إلى حالة المجتمع جاهز للجيج، حيث يمكن الآن لأكثر من 75% من المدينة الوصول إلى إنترنت جيجابت من الجيل الجديد من كينيتيك. تُظهر الأبحاث أن المجتمعات المزودة بالألياف تحصل على فوائد كبيرة، بما في ذلك نمو الشركات بنسبة 213%، ارتفاع العمالة المستقلة بنسبة 10%، و
Kinetic (NYSE: UNIT) 已在中国葛洛夫完成了一项价值 300万美元的光纤网络扩张项目，使 3,060 个新增地点获得多千兆互联网速度。该项目完全由私营资本投资资助，使中国葛洛夫成为“Gig-Ready”社区，城内超过 75% 的区域现已可接入 Kinetic 的下一代千兆互联网。研究显示，拥有光纤的社区获益显著，包括 213% 的企业增长、自雇增长 10%、以及 房产价值提升 14%–17%。此次扩张旨在提升数字平等，支持远程工作、教育、当地企业和远程医疗服务。
- Private capital investment of $3 million demonstrates strong commitment to infrastructure development
- Expansion reaches 3,060 new locations, achieving over 75% coverage in China Grove
- Project expected to drive significant economic benefits including 213% business growth and 14-17% higher property values
- Infrastructure improvement positions the company for future revenue growth in the region
- Significant capital expenditure required for the expansion
- Increased competition likely in the expanding fiber internet market
- Operating costs expected to rise with network maintenance and customer support needs
Insights
Kinetic's $3M fiber expansion strengthens UNIT's infrastructure footprint while demonstrating capital allocation toward high-ROI service areas.
Kinetic's completion of this
What's particularly notable is that this expansion was entirely funded through private capital investment rather than government subsidies or public-private partnerships. This signals Kinetic's confidence in the return potential from this specific market. The parent company, Uniti Group (UNIT), continues demonstrating its infrastructure-focused strategy by densifying its network in targeted communities.
The expansion transforms China Grove into what Kinetic designates as a "Gig-Ready" community - their internal classification for areas where
The announcement cites research showing communities with fiber experience
- Project brings reliable high-speed connectivity to an additional 3,060 households and businesses
- Fiber benefits community in remote work, gaming, streaming, agriculture and telehealth
CHARLOTTE, N.C., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Kinetic, a leading residential and business fiber internet provider, announced the completion of a multimillion-dollar fiber network expansion project in China Grove, bringing multi-gig internet speeds to an additional 3,060 locations across the area.
The
“We are proud to bring fiber internet and multi-gig speeds to more homes and businesses in China Grove,” said Stacy Hale, president of Kinetic’s North Carolina operations. “We are a long-term, invested partner in this community, and we look forward to how faster connectivity will help grow the economy, open up new opportunities, and enhance the daily lives of all residents.”
Kinetic’s newly placed fiber-optic cables, paired with its already existing fiber network in China Grove, brings high-speed internet to the majority of the town. As a result, China Grove is now officially recognized as a Kinetic ‘Gig-Ready’ community, meaning more than
High-speed internet is a necessity in today’s world, facilitating remote work, bolstering local businesses, enhancing educational opportunities, and improving access to telehealth services. Research says that communities with fiber experience
“This project helps create digital equity and bridge the digital divide, offering individuals and communities better access to the internet. Our fiber-optic network is designed to offer speeds that enhance daily life, better support remote work, bolster local businesses, enhance educational opportunities, improve access to telehealth services, and more,” said Hale.
Kinetic is committed to ensuring customer satisfaction and will actively monitor service performance while encouraging user feedback to make any necessary adjustments and improvements. Kinetic is also actively hiring in the communities it serves; for a list of current openings, visit https://careers.uniti.com/.
Residents interested in switching to Kinetic fiber internet and current customers who are interested in multi-gig capable speeds are encouraged to contact Kinetic at 1-800-347-1991 or visit www.gokinetic.com.
About Kinetic:
Kinetic, a business unit of Uniti (NASDAQ: UNIT), is a premier insurgent provider of multi-gigabit fiber internet, whole-home Wi-Fi, internet security, and voice services in 1,400 markets across 18 states in the Southwestern, Southeastern, Midwestern and Northeastern U.S. Additional information about Kinetic is available at gokinetic.com.
Media Contact:
Megan Krtek
Megan.krtek@uniti.com
FAQ
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