BROOMFIELD, Colo.--(BUSINESS WIRE)--Nov 15, 2024--
Intrepid Fiber Networks held a groundbreaking ceremony in Broomfield, Colorado on Wednesday, where construction and installation of a city-wide fiber broadband network is set to begin. Working closely with the city, Intrepid secured a license agreement in August allowing it to begin deploying a high-speed fiber broadband network across the city. Intrepid had originally announced the expansion of its network into Broomfield in May, along with other North Denver Metro area cities, establishing a strong presence in the region.
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Intrepid’s leadership team was joined by Mayor Guyleen Castriotta, and members of the Broomfield City Council, to commemorate the occasion. “One aspect I’m especially proud to highlight is Intrepid’s commitment to an Open-Access network. This forward-thinking approach means multiple providers can offer their services to our residents, creating a competitive market that directly benefits consumers,” said Mayor Castriotta in a speech given at the ceremony.
Jack Waters, Intrepid’s CEO, added, “This project brings a substantial investment to our great state, one that I’m extremely proud of. I’m also very proud that our headquarters are located here in Broomfield. We look forward to a great partnership with the city and are very excited to begin our project.”
Broomfield residents can expect world-class high-speed internet to be available in early 2025. Residents and businesses can find more information related to Intrepid Fiber’s deployment and construction in Broomfield on its website.
About Intrepid:
Founded in 2021, Intrepid Fiber was launched by Brookfield Asset Management, one of the world’s largest investment groups, as a pioneering Fiber-to-the-Premises platform championing a Wholesale Open Access Model. Intrepid’s mission is to deliver world-class fiber to communities throughout the United States and meet the broadband demands of the future.
To learn more, please visit intrepidfiber.com.
Forward-Looking Statements
Certain statements contained herein or made by management constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations about our plans and future performance and speak only as of the date of this press release. We do not undertake to update these statements. Our expectations (or the underlying assumptions) may change or not be realized, and you should not unduly rely on forward-looking statements.
CFO Tim Bruny (Left), VP Shane Peverill, Councilmember Jean Lim, CEO Jack Waters, Mayor Guyleen Castriotta, Councilmember Heidi Henkel, Councilmember Kenny Nguyen, CCO Jeff Polachek, VP Rob Macaluso (Photo: Business Wire)
NEW DELHI (AP) — India raised fuel prices by 3 rupees ($0.03) per liter Friday as the government moved to offset losses due to higher global oil prices.
In New Delhi, gasoline prices rose to 97.77 rupees ($1.17) a liter, while diesel climbed to 90.67 rupees ($1.09) a liter.
India imports about 90% of its oil and has been hit hard by rising energy prices and supply disruptions linked to the Iran war and the closure of the Strait of Hormuz. It had until now avoided raising retail fuel prices despite sharp increases in energy costs, making it one of the last major economies to pass higher crude prices on to consumers.
The price increases came days after Prime Minister Narendra Modi urged Indians to adopt voluntary austerity measures.
Modi on Sunday called on people to work from home where possible, limit foreign travel and reduce purchases of gold. He described fuel conservation and saving foreign exchange as an act of “patriotism,” and encouraged greater use of public transportation, carpooling and lower fertilizer consumption.
Opposition leaders said Modi’s appeal came only after a key round of state elections had concluded, noting that fuel prices were kept unchanged during the campaign.
Manoj Kumar, a 48-year-old taxi driver in New Delhi, said the rise in fuel prices was adding to the strain on working-class people.
“For common people like us, even one rupee has great value. People work so hard from morning till evening just to make ends meet. The government is not seeing this," he said.
Earlier this week, India also raised import duties on gold and silver to 15% in an effort to curb demand for imports that drain foreign exchange reserves.
The Indian rupee has fallen to record lows in recent weeks as higher oil prices increased pressure on imports and foreign exchange reserves.
Meanwhile, India’s capital has become the first state to roll out austerity measures.
Authorities in New Delhi on Thursday announced fuel-saving measures, including mandatory work-from-home days for some government employees. Delhi Chief Minister Rekha Gupta said the 90-day campaign aims to reduce official fuel use and encourage people in the capital to rely more on public transportation instead of private vehicles.
Under the plan, employees whose work can be done remotely will work from home two days a week, while private companies are being encouraged to adopt similar measures voluntarily.
India has also accelerated ethanol blending in gasoline as part of its push to cut crude oil imports.
Most fuel stations across the country now sell gasoline blended with 20% ethanol, and the government has proposed expanding the use of fuels containing 85% — or even 100% — ethanol in compatible vehicles.
Energy experts said blending biofuel can help shield from global energy shocks but can lead to further stressing already depleting groundwater resources, encroach on land meant for food crops and impact older vehicles’ engines.
AP journalists Sibi Arasu in Bengaluru, India and Shonal Ganguly in New Delhi contributed to this report.
A commuter monitors the meter as an attendant refuels his vehicle at a filling station in New Delhi, India, Friday, May 15, 2026. (AP Photo/Shonal Ganguly)
A commuter monitors the meter as an attendant refuels his scooter at a filling station in New Delhi, India, Friday, May 15, 2026. (AP Photo/Shonal Ganguly)
