Jacksonville-Based IQ Fiber Begins Providing Internet Service in the San Marco Area | Jax Daily Record | Jacksonville Daily Record
IQ Fiber rolled out the service in the San Jose Forest area of San Marco on August 22, delivering high-speed fiber optic Internet access directly to subscribers’ homes.
The Jacksonville-based company started in August 2021 and is funded to initially serve 60,000 homes in northeast Florida.
The company installs its fiber optic cable in Atlantic Beach and San Marco. These two areas were chosen because of the housing density which offsets the cost per foot of installing fiber optic infrastructure.
Ted Schremp, CEO of IQ Fiber, said his company has the knowledge and equipment to deliver promised Wi-Fi speeds of up to 10 gigabits per second.
“Our first customers are enjoying the highest speeds available in this market on a network purpose-built for the modern Internet,” he said in a press release.
The company is backed by a majority investment from SDC Capital Partners. Construction costs in San Marco and Atlantic Beach are about $20 million, the company said. It has 40 employees.
Schremp has internet experience since 2008, having held senior positions in Charter Communications, TiVo and Web.com Group.
Most areas of Jacksonville are serviced by cable or DSL phone lines.
“Their systems weren’t designed for broadband. They have been adapted for broadband,” he said.
IQ Fiber customers will have the same upload and download speeds, Schremp said. With most internet connections, these speeds vary.
Remote work and virtual meetings have seen household internet demand increase by 25% over the past year, according to the statement.
The company offers three monthly plans: 250 Mbps for $65; 500 Mbps for $75; and 1,000 Mbps for $85. There are no contracts or equipment rental fees.
Customer service is another selling point, Schremp said. Its customer call center is in Jacksonville.
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