Prime Fiber begins construction of high-speed network in Sun City

SUN CITY, Ariz. - Prime Fiber, an open-access fiber infrastructure provider backed by InLight Capital, has started construction on its high-speed fiber network in Sun City, Arizona, following a ceremonial groundbreaking held on June 18.

The project is part of Prime Fiber’s wholesale fiber broadband services agreement with AT&T and represents the company’s expansion into its second U.S. state after Florida.

"This is a big moment for Sun City," said George Karatzis, Chief Build Officer at Prime Fiber. "Our team is proud to officially kick off construction and begin delivering the kind of infrastructure that helps communities thrive."

The Sun City development is part of a broader deployment by Prime Fiber to deliver high-speed fiber internet across the metroplex, including Peoria and the City of Phoenix. The first service areas in Sun City are expected to be operational in the coming months.

Caleb Deerinwater, SVP Transformation and Enablement at AT&T (NYSE:T), stated, "Our collaboration with Prime Fiber in Sun City will bring us one step closer to our goal of reaching 60-million fiber locations in the U.S. by the end of 2030."

Prime Fiber operates as an open-access fiber-to-the-home infrastructure provider serving internet service providers, infrastructure consolidators, and enterprises across the U.S.

The announcement was made in a press release issued by the company.

In other recent news, AT&T has completed the sale of its entire remaining 70% stake in DIRECTV to TPG Capital, marking its full exit from the satellite television business. This move is part of AT&T’s strategy to concentrate on its core telecommunications operations, including wireless and internet services. Additionally, AT&T declared a quarterly dividend of $0.2775 per share on its common stock, payable on August 1, 2025. The company also announced dividends on its preferred stock, with payments scheduled for the same date. BofA Securities has resumed coverage of AT&T with a Buy rating, citing the company’s growth strategy and potential for margin expansion. The firm also highlights AT&T’s strong return of capital plans and its potential benefit from the reintroduction of bonus depreciation. Meanwhile, TELUS Digital has formed a special committee to evaluate an unsolicited acquisition proposal from TELUS Corporation. The committee has engaged several advisors to assist with the evaluation process but cautions that no decisions have been made regarding the proposal.

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