The municipal fiber network of the Lafayette Utilities System is...
The municipal fiber network of the Lafayette Utilities System is “in a strong financial position,” officials told city council leaders Tuesday (http://xrl.us/bnktsg). LUS Fiber has served Lafayette, La., for three years and offers residents and businesses fiber-based broadband transmission speeds.…
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LUS Director Terry Huval emphasized the network’s reliability in the state and delivered news on the fiber’s finances in a budget meeting. “LUS Fiber remains cash positive and is projected to do so for the life of the project,” he said. “We've become cash positive since early February and have continued in that direction.” As of this fiscal year on Tuesday afternoon, it’s generated upwards of $340,000 in cash after paying all operating costs and all bond obligations. He also noted LUS Fiber is “adding new customers every day” and is projected to meet all obligations over the next three years.