Fibre optics provider, Fiber Corp and property developer, Kanebridge are investing $5.3 million to offer speeds faster than NBN Co for residents within master planned community in Sydney’s Marsden Park.
The $5.3 million investment is going towards building and running the fibre network from Fiber Corp’s data centre into the Marsden Park apartments, which is a two-year planning project.
Specifically, it connects fibre cabling from its Points of Interconnect (POI) to the property boundaries, and into buildings and apartments.
Retailers have already signed up to the network, giving residents internet access via a low-cost subscription with low-cost set up, and no contract, Fiber Corp said.
The company claims residents will have access to speeds of up to 2GB per second, much faster than what is currently available on the national broadband network.
Additionally, Fiber Corp and Kanebridge are investing in base infrastructure that will give residents up to 10GB per second in the future - this work on Marsden Central is now well under way with Fiber Corp finalising environmental impact and feasibility studies to get the fibre to the nearest junction point.
During the next 14 months, the business will develop a fibre pathway from its Alexandria data centre to Blacktown then on to the Marsden Central boundary - it will install the network into each building and apartment alongside the construction of the development.
Urmet Group has been brought on board to deploy the network, using Gigabit Passive Optical Network (GPON1) technology.
This is based on a Fibre to the Premises (FTTP) network that connects data centres to property boundaries, and into buildings and apartments.
Fiber Corp Australia CEO, Sam Scoutas, said communications and technology were the new draw card for real estate investment.
“Fibre Corp-based solutions provide multiple benefits over the NBN," he added. "Over the fibre we will complete voice, data, Foxtel, free to air, CCTV, video intercom, smart home automation, public WiFi and access control."