Broadband Subsidiary: Co-Mo Connect
Co-Mo Electric Cooperative, often cited as the inspiration for other co-ops deploying broadband, boldly launched a 2010 pilot offering members the triple play of Internet, Phone and TV. The pilot was designed and architected by Conexon Partner Randy Klindt, former general manager of the co-op’s broadband subsidiary Co-Mo Connect.
Overwhelming success and member demand convinced the co-op’s board to build out the entire network, and by 2015, Co-Mo was cash-flow positive – the first co-op to build out a fiber-to-the-home network to 100% of its co-op membership without federal grants or subsidies. Today the co-op has more than 18,000 members connected. Due to Klindt’s unique design and architecture, Co-Mo was able to construct the network, building out to all members at a low overall construction cost, making the project initially feasible, and then cashflow positive at an extremely accelerated rate.
In 2018, adding to the already positive financial picture, Co-Mo Connect joined Conexon’s electric co-op CAF II auction consortium and was awarded $22 million.