EPB expects to nearly triple the number of homes connected to its video, Internet and telephone services in the next year and turn a profit for its telecom division by 2012, directors were told Friday.
Despite a three-month delay last year in launching the all-fiber-optic residential service, EPB is on pace to exceed projections for its newest business venture. In its proposed budget for the fiscal year beginning July 1, the city-owned utility projects its residential video and Internet service will grow to $26.9 million, up from $7.4 million this year.
PDF: Rizzuto report on Tennessee telecoms
EPB President Harold DePriest said Friday the telecom division is spending less and generating more revenue than consultants predicted since the new service began last September.
“We are about four months ahead of schedule in the number of customers we have hooked up, and those who have signed up are buying a little bit more than we expected, so our revenues are ahead of our plan,” Mr. DePriest said.