City of Centennial and Ting Internet sign long-term fiber lease

City of Centennial and Ting Internet executed an agreement for Ting’s lease of fibers in the central ring of Centennial’s fiber-optic backbone. Ting will lease 12 fibers from the city’s 432 strand fiber backbone for a term of 20-years. The city will receive a one-time payment of $302,500 for the lease as well as an annual payment of $4,325 (with a 3 percent annual escalator) for operations and maintenance. The lease payment and operations and maintenance payment are consistent with industry standards.

This fiber lease agreement is the first for Centennial since construction of the city’s fiber backbone began in 2016 when Centennial City Council approved the $5.7 million Fiber Master Plan. The plan demonstrates the potential benefits that a neutral, carrier-grade fiber backbone can provide to the city and its stakeholder agencies. The city completed construction of its 20-mile central ring of fiber, with construction on the west and east rings of fiber currently underway. The entire 50-mile city-owned fiber backbone will be completed by the end of this year.

“The city is very pleased to see this agreement with Ting executed. Voter approval of the ballot question in 2013 allowed the city this opportunity to use our existing fiber network to complete a backbone to improve technology and attract private sector telecommunications providers to Centennial. It is very exciting to see the goals from just a few years ago come to fruition,” said Mayor Stephanie Piko. “We are looking forward to our businesses, community anchor institutions and residents benefiting from the completion of the city’s fiber network.”