LUS Fiber, a municipal telecom network in Lafayette,...
LUS Fiber, a municipal telecom network in Lafayette, La., rolled out several statistics and new plans Tuesday at a celebratory event. It issued updates both on its website and on its official Twitter account. The network will upgrade its peer-to-peer…
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intranet speeds to 1 Gbps and now bring wireless service to the shopping center called Acadiana Mall, with more hotspots potentially to come, it said. LUS Fiber is now cash positive and “from FY2011-2012 LUS Fiber’s revenues grew over 41 percent while expenses only increased 6.5 percent,” said its website (http://bit.ly/12uGefv). It predicted future self-sufficiency, noting LUS Fiber will one day be able to “cover its operating expenses as well as depreciation and amortization, which could happen in 2014 or 2015.” The network said it has more than 14,000 customers.