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Dan Gilbert, founder and chairman of Quicken Loans Inc. and Rock Ventures LLC, confirmed today the formation of a new investment initiative,Rocket Fiber LLC, a Detroit-based high-speed Internet provider.
Rocket Fiber will provide Internet in downtown Detroit that is up to 100 times faster than the current residential average, Rock confirmed. Rock Ventures called the initiative a community investment that is “game-changing.”
Construction is underway on the advanced fiber-optic Internet network that will serve residents, local government and businesses in and around downtown Detroit. Access then will be expanded to other areas of the city.
DETROIT, MI – Dan Gilbert has a vise grip on downtown Detroit real estate, and he may soon have a hand on the internet connections downtown, too.
Dan Gilbert, founder of Quicken Loans and Rock Ventures, confirmed via Twitter Saturday night that he’s brining a newly-formed high-speed internet service provider to downtown Detroit.
And, as Gilbert said on Twitter, the service will be fast — up to 100 times faster than what’s currently offered in Detroit.
Rocket Fiber LLC was formed in 2014. Gilbert called the company a “community investment initiative”, according to the Detroit Free Press.