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Is Inclusive Internet the Future of Office?

LOS ANGELES—5x5 Telecom may offer built-in fiber optic internet services at office buildings, but the company's CEO Marc Gittleman says that it won't preempt a tenant's option to choose an outside carrier, in this EXCLUSIVE story.

By Kelsi Maree Borland | kelsimareeborland | Updated on May 20, 2016

Marc Gittleman Marc Gittleman is the CEO of 5×5 Telecom, Rising Realty’s sister telecommunications company.

LOS ANGELES—With the ubiquity of the internet, it seems that inclusive internet—an internet service included in an office or multifamily lease—is just around the corner. However, Marc Gittleman, the CEO of 5×5 Telecom, a fiber optic internet and VoIP phone company, says the concept of inclusive internet may not be good for tenants or real estate owners. The company, which was launched by Rising Realty Partners‘ executives, offers built-in internet services in office buildings at a huge discount to typical providers, and while the service could be bundled into the lease package, Gittleman says that their service doesn’t preempt a tenant’s option to choose an alternate service provider.

“I am a firm believer in choice in commercial offices,” Gittleman tells GlobeSt.com. “As an owner, we get a lot of requests from different carriers, and we believe the more the merrier in terms of high-quality carriers. Tenants want choice, and they should have choice. The competition makes the market, and it is really easy for us to sell our product when we say our product is $500 and they say that their product is $1,000, and we say our product can be installed today and their product can be installed is next month. There isn’t a whole lot of actual competition going on there, but people still have a choice.”

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