IQ Fiber Appoints Steb Chandor as Chief Financial Officer

IQ Fiber CFO Steb Chandor standing next to an IQ Fiber truck.

Chandor to lead key financial and administrative functions as the company continues to accelerate growth

JACKSONVILLE, Fla., JULY 17, 2023 – IQ Fiber, North Florida’s only local residential fiber-optic internet service provider, announces the appointment of Stebbins “Steb” Chandor, Jr. as the company’s new chief financial officer (CFO).

With more than 25 years of experience, Steb was most recently the CFO at Education Networks of America, a technology infrastructure company serving schools, libraries, and healthcare facilities in 30 states. Prior to that role, he served as CFO of publicly traded wireless companies nTelos and iPCS. He also previously led the finance role at Metro One Telecommunications, after several years in corporate finance banking at Bank of America.

“In just two short years, IQ Fiber has invested tremendous capital in our network across North Florida,” said Ted Schremp, CEO of IQ Fiber. “Steb’s extensive experience, combined with his strong leadership skills, makes him a great addition to our senior leadership team as we accelerate our growth and expansion.”

Chandor’s scope of responsibility includes capital markets, finance and accounting, financial planning and analysis as well as procurement, human resources and legal.

“IQ Fiber is delivering on its promise to provide North Florida with a new choice for modern internet service combined with an unparalleled customer experience,” said Chandor. “I’m excited to join the IQ Fiber team as the company continues to expand the network to serve more customers.”

Chandor, who has lived in the Jacksonville area for eight years, earned an MBA in finance at the University of Southern California and a bachelor’s degree in chemical engineering at Tufts University.

In May 2023, IQ Fiber announced an additional $150 million capital commitment from founding investor SDC Capital Partners for the continued expansion of the network. IQ Fiber also has deployment projects across Duval, Nassau, Clay, and St. Johns counties and recently announced expansion to Gainesville and Alachua County.

IQ Fiber now has 90 local employees and is headquartered on Jacksonville’s Southside. IQ Fiber delivers 100% fiber-optic internet services to thousands of homes across North Florida supported by a local team and local customer service.

About IQ Fiber

IQ Fiber is North Florida’s only local fiber-optic internet service provider. Headquartered in Jacksonville, IQ Fiber is transforming the residential broadband market by offering a 100% fiber-optic network with a stress-free guarantee: no contracts, hidden fees, or data caps. Its network is supported by live, local customer service. IQ Fiber is focused on rapidly expanding its residential fiber network across Alachua, Clay, Duval, Nassau and St. Johns Counties. For more information, visit www.iqfiber.com.

Frequently Asked Questions

The internet is the heartbeat of the modern home. We’ve come to rely on it for work, education, entertainment, and shopping. Fiber is the best solution to provide internet because it is:

FAST — 1000 mbps (1G) of speed with fiber internet is about 20 times faster than standard cable. Your time is valuable, so don’t waste it waiting for your internet to load!
RELIABLE — IQ Fiber provides dedicated bandwidth directly to your home, so your speeds don’t dip during peak traffic hours or as more neighbors join the Fiberhood.
SYMMETRICAL — Only fiber has symmetrical upload and download speeds so no matter what you’re doing, you can get it done quickly.
FUTURE-PROOF — Fiber cables are more lightweight, durable, and resilient than copper. Its bandwidth capacity far exceeds what any home requires, so we’ll grow with you as technology changes in the future.
SUSTAINABLE — Traditional cable uses about 12 times more energy than fiber. It generates less heat and is made from more sustainable materials.

Symmetrical speeds are when upload and download speeds are equal. Older mediums like cable and DSL are asymmetrical, meaning you aren’t able to upload data as quickly as you can download it. When your speeds are symmetrical it means video calls work better, video games play faster, and your photos upload in an instant.

Fiber-optic networks are built to transmit data through a thin fiber glass strand using pulses of light. Because each strand is dedicated to each home, there is no sharing of bandwidth between neighbors. In addition, fiber-optic networks need very little electrical power to operate. The data is transmitted at the same speed to the home as it is away from the home with very little lag. Fiber-optic networks are the fastest and most reliable home internet technology available today.

5G is a form of wireless broadband delivered using nearby cell towers while fiber-optic internet is connected directly to your home. FTTH (fiber to the home) connections provide dedicated bandwidth while a 5G shares bandwidth with your neighbors. Though 5G wireless is great for mobile devices when you aren’t home, fiber-optic is much faster and more reliable to use for the many connected devices within your home.

Yes. In most cases you will be able to keep your existing services. However, once you move to our services, you’ll have enough speed and bandwidth to manage all your services over the internet. It’s also easy to move to a voice-over-internet-protocol (VOIP) service like Google Voice or Vonage where you can keep your phone number. You always have the option to remove your home phone altogether in favor of using your cell exclusively instead. Most national security monitoring companies offer “cut the cable cord” services with faster response times than a landline can offer.

Frequently Asked Questions

What’s so special about fiber-optic internet?

What is a symmetrical internet connection?

How does fiber-optic internet work?

How is fiber different from wireless 5G? Is it better?

Can I keep my existing TV, phone, and security services?