Time Warner will sink $25 million in a new high-speed network for select parts of Manhattan and Brooklyn.
Time Warner is investing $25 million in a high-speed fiber broadband network in New York City.
The company will make the news official at a press conference at the Brooklyn Navy Yard, but company representatives have already disclosed plenty of details on the project. Among them, according to CNET: The network will clock in at 1 gigabit (128 megabytes) per second, and extend from Brooklyn to select sections of Lower Manhattan, including the Flatiron and financial districts, where plenty of tech and business firms are housed.
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"We’re making the investment to expand into areas much more aggressively than we ever have before," Ken Fitzpatrick, president of business services for Time Warner Cable’s East region, told Businessweek. "We’re positioning New York City as a much more tech-savvy place to work."
The exact roll-out date is unclear, as are the prices that Time Warner will charge for access to the network.