gFiber to assume Ting Fiber lease in Colorado Springs by 2027

TL;DR: gFiber will take over Ting Fiber's dark fiber lease with Colorado Springs Utilities in Colorado Springs, with the transfer expected to close on March 31, 2027. Ting Fiber will keep serving its 2,000-plus local customers until closing, while gFiber plans to begin taking orders by the end of 2026 for installations starting in early 2027.

gFiber will take over Ting Fiber's remaining dark fiber lease with Colorado Springs Utilities in Colorado Springs, Colorado, and the transfer is expected to close on March 31, 2027. Upon closing, gFiber will replace Ting as the tenant on the utility's network.

Ting Fiber will continue serving its more than 2,000 customers in Colorado Springs until the transaction closes. Those customers will continue to receive Ting's 2-Gig broadband service, which is priced at $89 per month, and Ting also offers a home broadband and mobile bundle starting at $99 per month.

Colorado Springs Utilities selected Ting Fiber in August 2023 as the initial anchor tenant on its open-access XGS-PON network, which is planned to reach about 200,000 locations in Colorado Springs. The network currently passes about 75,000 homes, and the utility expects the full build to finish within a few months of its original end-of-2028 target.

The lease transfer follows financial pressure at Ting Fiber's parent company, Tucows, which said in June 2026 that there was substantial doubt about Ting Fiber's ability to meet its financial obligations within one year without additional financing. At the end of Q2 2026, Tucows said Ting's remaining aggregate payment obligations under the original 30-year Colorado Springs lease were about $322.8 million, while the original agreement projected about $670 million in payments to Colorado Springs Utilities.