Home News Local News PVT to expand fiber network in Chaves County

PVT to expand fiber network in Chaves County

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Copyright © 2021 Roswell Daily Record

An Artesia-based internet, cable, phone and security provider has announced plans to connect more than a thousand people in southern New Mexico to high-speed internet services after receiving a federal loan.

Penasco Valley Telephone Cooperative Inc. received $8.1 million from the U.S. Department of Agriculture ReConnect II program, an undated company news release indicated.

Company officials chose not to be interviewed, but an Oct. 21 USDA news release said that PVT intended to use the funds to create a fiber network in Chaves, Lincoln, Eddy and Otero counties. The broadband network is expected to provide internet service to 1,173 households, six farms, seven businesses, three fire stations and one post office.

The second phase of the USDA Reconnect program provided a total of $600 million in grants and loans for companies or agencies to provide high-speed broadband services to rural or underserved areas.

Other New Mexico entities receiving loans in the second round of funding were SWC Telesolutions Inc. of Sierra County, which received $6.1 million; Leaco Rural Telephone Cooperative Inc. of Hobbs, which received $4.5 million; and Continental Divide Electric Cooperative Inc. of Cibola County, which received $1.1 million.

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Leaco’s project will reach 170 households, 29 farms and five businesses in Lea, Eddy and Chaves counties, according to the USDA.

Penasco Valley Vice President of Sales and Marketing Terry Mullins said New Mexicans need high-speed internet for work, education and social connection.

“PVT will continue investing in our service area until all of our communities have access to affordable, high-speed broadband no matter where they live,” he said.