News -> INDReporter THU, JUL 8 11:06AM by Nathan Stubbs

Fiber buildout to be completed in August

LUS' fiber network should reach every resident within the city limits by mid-August. "I estimate that 98 percent of the fiber build out will be completed by the end of July," LUS Director Terry Huval writes in an e-mail to The Ind. "The last 2 percent will be completed within the early weeks of August." LUS originally scheduled to have the citywide network completed in early 2011. Earlier this year, it moved up its projected finish date to July 2010.

In other LUS Fiber news, the telecommunications business once again cut its anticipated revenue for the year in a midyear budget revision approved by the council on Tuesday. LUS reduced its annual revenue projection from $23 million to $11 million, took out a another loan from its utilities business, and cut adjusted operating expenses from $19 million to $12 million. LUS made similar moves in budget revisions last year to compensate for a delayed launch in the fiber business.

Huval told the council that the nascent business is meeting its projected break even target of 23 percent market penetration. The Advocate reports Huval adding that revenues may have been more in line with projections had the city launched a more aggressive marketing campaign, but that a decision was made to wait until the service was available to more residents in order to seek more impact from its advertising buys.



Comments (11)add
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written by Gerald Bertholl , July 08, 2010 - 04:32 pm
Let's try and follow this. They gave white collar engineers hugh raises, then they said utilities needed money to continue and raised rates and now utilities has extra money to lend the fiber project! This is incredible. And they are here to help (sic) citizens?
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written by Peter Principle , July 08, 2010 - 06:29 pm
You mean fiber bailout, don't you?
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written by ragin_cajun , July 08, 2010 - 11:04 pm
it's still too early to say "i told you so", but cutting revenue forecasts in half can't be good. borrowing money from LUS, weeks after announcing a rate increase? doesn't sound right, either. In court because Cox is not playing fair? not a proud moment, either.

And Cox and AT&T still haven't turned up the heat, yet. http://www.att.com/u-verse/exp...003JUP-0-1
If AT&T brings U-Verse to Lafayette, LUS market penetration will drop. If AT&T and Cox slash prices, LUS penetration rate will plummet.

This was all predicted. Many people said 7-8 years ago that LUS revenue projections were too rosy. That the technology edge was not as significant as everyone thought. That DSL and cable would both be able to deliver triple play. They wouldn't listen.

All we can say now is, "Sure hope that marketing campaign goes well." :)

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written by NORTHSIDIAN SHOTGUN , July 09, 2010 - 03:16 am
AY WHEN YOU REACH ME .......CUT ACROSS SHORTY !
These LCG administrators are the masters at money shuffling, don't You know that Lafayette Parish Govt. has to circulate the cush this is this is how the dollar loses value the more they circulate the funds back and forth, its like swirling a jawbreaker in ya mouth when you were a kid, you swirl it around long enough back and forth and its gone...NO TRACE ! SHAZAM. If this sounds strange let the city buy a Super WAl-MART Store and turn it into City Hall and watch whose wife has a Brand new Realtors License and collects the """ COMMISSION on the sell/purchase deal
THIS IS OBAMA who gave the slick con a new image name, Stimulate the Economy !!!!!!!!!!!!
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written by Thomas Edison , July 09, 2010 - 06:01 pm
Fiber is dead, Wireless is the future.
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written by I Noticed , July 09, 2010 - 06:55 pm
Take plenty fiber. Its good for the taxpayers bowels!
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written by ragin_cajun , July 10, 2010 - 01:02 am
"Fiber is dead, Wireless is the future."

Huh? Elaborate?
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written by me myself and I , July 11, 2010 - 02:43 am
Fiber is dead? Wireless is the future? Spin control by Cox?
Sounds like it to me.
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written by to the point , July 11, 2010 - 06:14 pm
What is amazing to me is that no one in the news media knows how to interpret what this means for LUS fiber and the city utilities. The announcement was so significant, that unless something very drastic happens, soon, LUS Fiber will be insolvent by the end of next fiscal year. While I understand the media, community, business leaders, chamber of Commerce, Dural, Huval and etc opportunism and good intentions, I cannot understand the fact that no one is telling the truth. It's plan to see where we are. "Supporting LUS Fiber" is no longer the point. It is now time to tell the public has happened.
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written by Thomas Edison , July 14, 2010 - 02:16 pm
written by me myself and I Fiber is dead? Wireless is the future? Spin control by Cox? Sounds like it to me.
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Cox is not wireless, so no. More likely than not, devices like smart phones will be the dominant access points to the internet in a short time.
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written by Old Rig Hand , July 15, 2010 - 03:58 pm
If all the whiney-babies in the city don't like fast internet, send the fiber out to the Parish. We sure could use it in Broussard, Cox's internet is miserably ssssllllooooowwwwwwwwww.
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