Waverly decides to install a high-speed fiber optic network for residential and commercial Internet users

The Waverly Light and Power Board of Trustees has approved a measure to allow the development of a community-owned, high-speed fiber-optic network broadband telecommunications system for community.

Waverly Light and Power Chairman of the Board Ael Suhr says. "This approval opens the door for new alternatives for high-speed internet, cable and phone services in Waverly for both residents and businesses."

He noted, "We saw what that can mean when the President of the United States visited Cedar Falls last month, where he noted CFU as offering the 5th fastest internet downloading speeds in the world. With this move, we will be offering those same kinds of speeds and advantages to our community!"

Revenue bonds have been secured to raise money for building the system.  The bonds will be paid back by the subscribers of the broadband services.

Construction on the new fiber network infrastructure is scheduled to begin in May, with a targeted completion date of March 2016.