Comcast will invest $13 million to expand its fiber-based network into New Jersey, the company announced today.
Fiber optic cable allows for significantly faster internet speeds for businesses and residential customers. Comcast’s fiber optic network provides speeds as fast as 100 gigabits-per-second.
The $13 million investment will be used for expansion throughout the greater Philadelphia area, $7 million of which will be used to expand the network into Mount Laurel, Princeton, Somerset and South Plainfield. Comcast estimates that over 14,000 businesses will have access to the fiber network as a result of the expansion.
The expansion project plans to lay 120 miles of fiber optic cable across New Jersey and the greater Philadelphia area. A Comcast representative said they were looking at developing 80 fiber network projects in 2018.