About Choptank Fiber
Our mission, vision, and goals.
Choptank Fiber, LLC is a wholly-owned broadband subsidiary of Choptank Electric Cooperative.
Choptank Fiber's goal is to install broadband one community at a time and then reinvest the monthly subscription revenue into the expense of infrastructure development in the next community, until we serve the entire rural Shore.
As Choptank Fiber becomes profitable, it will pay back the electric ratepayers. So, our electric ratepayers are making a small investment. In the end, we believe it will be a win for the electric co-op member and a win for the Eastern Shore as we take a step to solve the broadband problem.
This is the cooperative model of rural residents joining together to provide a much-needed service. It is being used across the country as many co-ops have begun to offer broadband service to members. Our financial model allows longer payback on investment than a for-profit company. On the electric side, we finance projects over 30 years. On the broadband side, if we plan a 10-year infrastructure development program, that is an acceptable term for us and for our banks.