Time Warner Cable Inc. is announcing that it is investing $25 million to expand its fiber-optic network in parts of Brooklyn as well as the Financial and Flatiron districts. This follows a franchise agreement struck last year between the city and the company to expand fiber to areas currently without access. This will target heavy users of data—like technology and design companies—which need to upload and download large files, as opposed to residential customers surfing the Web.
One area that has already benefited from Time Warner’s investment in fiber is the Brooklyn Navy Yard, where the company is finishing its expansion of fiber access to tenants of the 300-acre complex. This latest expansion is part of the Bloomberg administration’s efforts to make the city more tech-friendly. The city also has tech agreements with Verizon Communications Inc., Cablevision Systems Corp. and AT&T Inc.