Ziply Fiber Stocks List
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
RSPC | C | Invesco S&P 500 Equal Weight Communication Services ETF | 4.76 | |
IYZ | D | iShares U.S. Telecommunications ETF | 3.87 | |
XTL | B | SPDR S&P Telecom ETF | 3.68 | |
FOVL | D | iShares Focused Value Factor ETF | 3.12 | |
PUI | B | PowerShares Dynamic Utilities | 2.68 |
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- Ziply Fiber
Northwest Fiber, LLC, doing business as Ziply Fiber, is an American telecommunications company based in Kirkland, Washington. Ziply is a subsidiary of WaveDivision Capital, a private investment company, which is also Kirkland-based. The company started operations on May 1, 2020 when it completed its acquisition of Frontier Communications‘ Northwest operations and assets for $1.4 billion; Frontier sold its Northwest operations after filing for bankruptcy protection in April 2020. Ziply Fiber's footprint covers the Pacific Northwest region, specifically the states of Washington, Oregon, Idaho and Montana. Its key offerings include Fiber internet and phone for residential customers, Business Fiber Internet, and Ziply Voice services for small businesses; and a variety of internet, networking and voice solutions for enterprise customers. The company will also continue to support DSL and grandfathered TV customers. Ziply has stated that it plans on investing $500 million to improve its network and service throughout its footprint. This includes bringing fiber to nearly 85% of its network, which mainly encompasses rural communities. Currently approximately 30% have access to fiber as of June 2020 Ziply Fiber serves more than 500,000 customers across the four states and has a workforce of approximately 1,000 employees. It has major offices in Everett, Washington; Beaverton, Oregon, and Hayden, Idaho.
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