Velocity Requests 3-month Rip-and-Replace Extension

Velocity Communications has requested a three-month extension of its rip-and-replace deadlines under the Secure and Trusted Networks Reimbursement Program, said a filing Wednesday. The program’s funding shortfall “has prevented Velocity from deploying a replacement network with a footprint and network capabilities comparable to its original network,” it said (see 2412240036). "What started as a 1-year project timeline to complete the network overhaul has turned into a multi-year effort to save the business from becoming insolvent.” The company used nearly identical language in a January request for a six-month extension (see 2501170052).