Kinetic Completes $3 Million Fiber Internet Expansion in China Grove
Rhea-AI Summary
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.
Positive
- 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
Negative
- 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
News Market Reaction – UNIT
In the Oct 2 session, UNIT declined 4.30%, reflecting a moderate negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- 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
