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Maverix Broadband

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uuid00pm9ot

Namestring
Maverix Broadband
Legal namestring
Maverix Broadband, Inc.
Company typeenum
Private
Founded yearstring
-
Descriptiontext

Maverix Broadband, Inc. is a privately held, Colorado-incorporated fiber-to-the-premises (FTTP) internet service provider headquartered in Parker, Colorado. The company builds and operates a 100% direct fiber optic network — over 200 miles of high-capacity fiber deployed across Douglas and Elbert Counties — delivering symmetric gigabit internet to residential and business customers in underserved rural communities where incumbent carriers have not expanded service. Core products are Residential Fiber Internet (speeds from 150Mbps to 10Gbps) and Business Fiber Internet (custom-tailored enterprise-grade connectivity with 99% claimed network reliability), both sold as monthly subscriptions with no data caps, no contracts, and no start-up fees, supplemented by an in-house fiber installation service covering mainline construction, yard trenching, splicing, and activation.

The company's go-to-market is community-led and direct-to-consumer: customers check service availability by address on the company website and self-onboard, while demand generation is driven by local HOA partnerships, community event sponsorships (Elbert County Fair, Elizabeth Stampede Rodeo, Elizabeth Education Foundation), and an educational content/blog presence. Revenue mechanics are pure recurring subscription on monthly billing cadence; pricing tiers are address-gated and not publicly disclosed.

Capital structure is notable for non-dilutive grant funding rather than venture or private equity: Maverix has secured approximately $111.67 million across an $8.67M Colorado Capital Project Fund grant (2024) for buildout into Nederland, Gilpin County, and unincorporated Boulder County, and a roughly $103M NTIA-administered Infrastructure Investment and Jobs Act allocation (2025) targeting high-speed internet for 96,000+ Coloradans. Active service areas are Parker and Elizabeth, with Kiowa, Livermore, and Franktown listed as expansion markets. The company has 11-50 employees and no identified institutional investors, parent company, or M&A history.

Short descriptiontext

Maverix Broadband is a privately held rural Colorado fiber-to-the-premises internet service provider delivering symmetric gigabit connectivity (up to 10Gbps) to residential and business customers in Douglas and Elbert Counties, funded primarily through federal and state broadband grants.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersParker, United States
HQ citystring
Parker
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
fiber internet services, rural broadband, residential fiber internet, business fiber internet, fiber-to-the-premises
Industry5 codes
1Fiber ISPs (FTTH/FTTP Retail Providers)
CodeHDAIADAEPrimaryYes
2Fiber-to-the-Premises (FTTP/FTTH) Broadband Providers
CodeHDAIABACPrimaryNo
3Fiber-to-the-Premises/Building (FTTP/FTTB) Operators
CodeHDAIACACPrimaryNo
4Rural Broadband & Cooperative Fiber Operators
CodeHDAIACAGPrimaryNo
5Residential/Broadband ISPs (Consumer Internet)
CodeHDAIADAAPrimaryNo
NAICS code1 code
  • Wired Telecommunications Carriers517111
SIC code1 code
  • Telephone Communications (No Radiotelephone)4813
Product category
Fiber Internet Services
Social media profiles2 records
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Residential Fiber Internet Service
TypeSubscription Recurring
Description

Monthly subscription-based fiber internet service for residential customers. Customers pay recurring monthly fees for high-speed internet access with no data caps and no contracts. Pricing is address-specific and determined after availability check.

maverixbroadband.com
2Business Fiber Internet Service
TypeSubscription Recurring
Description

Custom-tailored business fiber internet solutions with gigabit speeds, no data caps, and enterprise-grade performance. Monthly subscriptions with simple, transparent pricing for businesses of all sizes.

maverixbroadband.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Infrastructure, Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D
Pricing details2 tiers
1Residential fiber internet with tiered speed options ranging from 150Mbps to 10Gbps
ModelSubscriptionBilling cadenceMonthly
Notes

Speed tiers: 150Mbps, 250Mbps, 500Mbps, 1Gbps, 2.5Gbps, 10Gbps. No contracts, no start-up fees, no hidden fees. Price per tier not publicly disclosed; requires address check for pricing.

maverixbroadband.com
2Business fiber internet with custom solutions for businesses of all sizes
ModelSubscriptionBilling cadenceMonthly
Notes

Custom-tailored solutions for businesses. Gigabit speeds with no data caps. 99% network reliability. Simple, transparent pricing without hidden fees. Pricing requires business inquiry.

maverixbroadband.com
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Maverix Broadband delivers fiber-to-the-premises (FTTP) internet service over a 100% direct fiber optic network for residential and business customers in rural Douglas and Elbert counties, Colorado. The company provides symmetric gigabit speeds up to 10Gbps with no data caps, no contracts, and no start-up fees, supported by self-built fiber infrastructure spanning more than 200 miles. Subscription-based recurring monthly plans are sold directly via the company's website and complemented by in-house fiber installation services including construction, trenching, splicing, and activation.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Internet speeds 25x faster than cable through gigabit fiber service
+2 more records
Product overview1 text field

Maverix Broadband is a fiber internet service provider offering a unified fiber-to-the-premises (FTTP) network service. The portfolio consists of two core products: Residential Fiber Internet and Business Fiber Internet, both delivered over a 100% direct fiber network with symmetric gigabit speeds ranging from 150Mbps to 10Gbps. The company also provides professional Fiber Installation Services and operates service areas in Parker, Elizabeth, Kiowa, Livermore, and Franktown, Colorado. All offerings feature no data caps, no contracts, no hidden fees, and include local customer support. The company has built over 200 miles of high-capacity fiber optics to support enterprise-grade connections.

Product and service3 records
1Residential Fiber Internet
CategoryResidential fiber internet service
Description

High-speed fiber internet service for homes offering gigabit symmetric speeds up to 10Gbps, no data caps, no contracts, no start-up fees, and no hidden fees. Targeted at households and families in rural Colorado (Parker, Elizabeth, Kiowa, Livermore) for streaming, remote work, virtual classes, and smart home connectivity.

2Business Fiber Internet
CategoryBusiness fiber internet service
Description

Enterprise-grade fiber internet connectivity for local Colorado businesses of all sizes, with custom-tailored solutions, gigabit symmetric speeds, no data caps, 99% network reliability, and carrier-neutral network access. Used for video calls, cloud applications, VoIP, and point-of-sale systems.

3Fiber Installation Services
CategoryInstallation and construction services
Description

Complete fiber optic installation service for residential and business customers, covering mainline construction, home site survey, yard trenching, interior installation, fiber splicing, and online activation, including coordination of permits with local HOAs and governments.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Fiber broadband provider with a long track record in rural and exurban markets across the central U.S. Directly comparable as a community-served fiber ISP targeting underserved geographies with residential and business tiers.

TypeOthers
Description

Satellite-based broadband service targeting exactly the rural/underserved customer segment that Maverix serves. An alternative rather than a direct competitor, but a binding constraint on pricing power and the realistic rural broadband TAM.

TypeDirect peer
Description

Regional/rural fiber-to-the-home ISP actively expanding across the U.S., including the West. Closely comparable business model: community-led fiber builds in smaller markets with grant-funded CapEx and residential/SMB broadband focus.

TypeDirect peer
Description

Regional fiber ISP building out FTTH networks across Texas, Louisiana, New Mexico and beyond with similar community-level expansion tactics. Directly comparable as an emerging multi-state rural/exurban fiber operator.

TypeDirect peer
Description

Emerging fiber-to-the-home operator (backed by Tucows) building gigabit fiber in select U.S. towns. Closely comparable as a small-footprint, retail FTTH provider emphasizing symmetric gigabit speeds, no contracts, and local customer service.

TypeEmerging player
Description

Pure-play fiber ISP offering symmetric gigabit (and multi-gig) service to residential customers. Comparable on the FTTH, gigabit, no-data-cap product axis, but operates in larger metros and brings hyperscaler-grade execution.

TypeEmerging player
Description

Fixed-wireless broadband operator focused on urban/suburban apartment and MDU broadband. Comparable as a newer-generation broadband ISP competing for residential high-speed internet dollars, though with wireless rather than fiber delivery.

TypeBroad incumbent
Description

Largest U.S. cable broadband provider competing for residential high-speed internet customers in Colorado. Comparable as a consumer ISP alternative in the same households Maverix targets, but uses hybrid fiber-coax rather than direct fiber.

TypeBroad incumbent
Description

Large ILEC actively expanding its fiber footprint into previously underserved markets with symmetrical gigabit tiers. Comparable as a wired broadband carrier competing for the same residential and SMB customers, though at vastly greater scale.

TypeBroad incumbent
Description

Incumbent wireline telecom and fiber ISP with significant Colorado footprint through CenturyLink legacy. Directly comparable as a wired/fiber broadband carrier, but at national scale and with broader product portfolio beyond Maverix's rural FTTH focus.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Maverix Broadband

Fiber Internet Servicesmaverixbroadband.com

Maverix Broadband is a privately held rural Colorado fiber-to-the-premises internet service provider delivering symmetric gigabit connectivity (up to 10Gbps) to residential and business customers in Douglas and Elbert Counties, funded primarily through federal and state broadband grants.

What Maverix Broadband does

Maverix Broadband, Inc. is a privately held, Colorado-incorporated fiber-to-the-premises (FTTP) internet service provider headquartered in Parker, Colorado. The company builds and operates a 100% direct fiber optic network — over 200 miles of high-capacity fiber deployed across Douglas and Elbert Counties — delivering symmetric gigabit internet to residential and business customers in underserved rural communities where incumbent carriers have not expanded service. Core products are Residential Fiber Internet (speeds from 150Mbps to 10Gbps) and Business Fiber Internet (custom-tailored enterprise-grade connectivity with 99% claimed network reliability), both sold as monthly subscriptions with no data caps, no contracts, and no start-up fees, supplemented by an in-house fiber installation service covering mainline construction, yard trenching, splicing, and activation.

The company's go-to-market is community-led and direct-to-consumer: customers check service availability by address on the company website and self-onboard, while demand generation is driven by local HOA partnerships, community event sponsorships (Elbert County Fair, Elizabeth Stampede Rodeo, Elizabeth Education Foundation), and an educational content/blog presence. Revenue mechanics are pure recurring subscription on monthly billing cadence; pricing tiers are address-gated and not publicly disclosed.

Capital structure is notable for non-dilutive grant funding rather than venture or private equity: Maverix has secured approximately $111.67 million across an $8.67M Colorado Capital Project Fund grant (2024) for buildout into Nederland, Gilpin County, and unincorporated Boulder County, and a roughly $103M NTIA-administered Infrastructure Investment and Jobs Act allocation (2025) targeting high-speed internet for 96,000+ Coloradans. Active service areas are Parker and Elizabeth, with Kiowa, Livermore, and Franktown listed as expansion markets. The company has 11-50 employees and no identified institutional investors, parent company, or M&A history.

Maverix Broadband firmographics

Firmographics
Name
Maverix Broadband
Legal name
Maverix Broadband, Inc.
Website
https://maverixbroadband.com
Company type
Private
Operating status
Operating
Headcount range
11–50 employees
Short description
Maverix Broadband is a privately held rural Colorado fiber-to-the-premises internet service provider delivering symmetric gigabit connectivity (up to 10Gbps) to residential and business customers in Douglas and Elbert Counties, funded primarily through federal and state broadband grants.
Ownership category
akta.pro rank

Maverix Broadband industry classification

Industry
Product category
Fiber Internet Services
NAICS
Wired Telecommunications Carriers (517111)
SIC
Telephone Communications (No Radiotelephone) (4813)
akta.pro primary industry
Fiber ISPs (FTTH/FTTP Retail Providers) (HDAIADAE)
akta.pro secondary industries
Fiber-to-the-Premises (FTTP/FTTH) Broadband Providers (HDAIABAC), Fiber-to-the-Premises/Building (FTTP/FTTB) Operators (HDAIACAC), Rural Broadband & Cooperative Fiber Operators (HDAIACAG), Residential/Broadband ISPs (Consumer Internet) (HDAIADAA)

Keywords

  • Fiber internet services
  • Rural broadband
  • Residential fiber internet
  • Business fiber internet
  • Fiber-to-the-premises

Where Maverix Broadband is headquartered

Location

Headquarters

HQ city
Parker
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Maverix Broadband business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Infrastructure, Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

  1. Residential Fiber Internet Service: Monthly subscription-based fiber internet service for residential customers. Customers pay recurring monthly fees for high-speed internet access with no data caps and no contracts. Pricing is address-specific and determined after availability check.
  2. Business Fiber Internet Service: Custom-tailored business fiber internet solutions with gigabit speeds, no data caps, and enterprise-grade performance. Monthly subscriptions with simple, transparent pricing for businesses of all sizes.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyResidential fiber internet with tiered speed options ranging from 150Mbps to 10Gbps
SubscriptionMonthlyBusiness fiber internet with custom solutions for businesses of all sizes

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Maverix Broadband product offering

Product offering

Core offering

Maverix Broadband delivers fiber-to-the-premises (FTTP) internet service over a 100% direct fiber optic network for residential and business customers in rural Douglas and Elbert counties, Colorado. The company provides symmetric gigabit speeds up to 10Gbps with no data caps, no contracts, and no start-up fees, supported by self-built fiber infrastructure spanning more than 200 miles. Subscription-based recurring monthly plans are sold directly via the company's website and complemented by in-house fiber installation services including construction, trenching, splicing, and activation.

Product overview

Maverix Broadband is a fiber internet service provider offering a unified fiber-to-the-premises (FTTP) network service. The portfolio consists of two core products: Residential Fiber Internet and Business Fiber Internet, both delivered over a 100% direct fiber network with symmetric gigabit speeds ranging from 150Mbps to 10Gbps. The company also provides professional Fiber Installation Services and operates service areas in Parker, Elizabeth, Kiowa, Livermore, and Franktown, Colorado. All offerings feature no data caps, no contracts, no hidden fees, and include local customer support. The company has built over 200 miles of high-capacity fiber optics to support enterprise-grade connections.

Differentiator

Problem solved

Functional benefit

Products and services

  • Residential Fiber Internet High-speed fiber internet service for homes offering gigabit symmetric speeds up to 10Gbps, no data caps, no contracts, no start-up fees, and no hidden fees. Targeted at households and families in rural Colorado (Parker, Elizabeth, Kiowa, Livermore) for streaming, remote work, virtual classes, and smart home connectivity.
  • Business Fiber Internet Enterprise-grade fiber internet connectivity for local Colorado businesses of all sizes, with custom-tailored solutions, gigabit symmetric speeds, no data caps, 99% network reliability, and carrier-neutral network access. Used for video calls, cloud applications, VoIP, and point-of-sale systems.
  • Fiber Installation Services Complete fiber optic installation service for residential and business customers, covering mainline construction, home site survey, yard trenching, interior installation, fiber splicing, and online activation, including coordination of permits with local HOAs and governments.

Quantifiable outcome

  • Internet speeds 25x faster than cable through gigabit fiber service
  • +2 more outcomes

Companies that use Maverix Broadband

Customer profile

Segments2 records

Ideal customer profiles2 records

Maverix Broadband technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Maverix Broadband partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Maverix Broadband competitors and assessment

Company assessment

Direct peers

  • Consolidated Communications: Fiber broadband provider with a long track record in rural and exurban markets across the central U.S. Directly comparable as a community-served fiber ISP targeting underserved geographies with residential and business tiers.
  • TDS Telecom: Regional/rural fiber-to-the-home ISP actively expanding across the U.S., including the West. Closely comparable business model: community-led fiber builds in smaller markets with grant-funded CapEx and residential/SMB broadband focus.
  • Vexus Fiber: Regional fiber ISP building out FTTH networks across Texas, Louisiana, New Mexico and beyond with similar community-level expansion tactics. Directly comparable as an emerging multi-state rural/exurban fiber operator.
  • Ting Internet: Emerging fiber-to-the-home operator (backed by Tucows) building gigabit fiber in select U.S. towns. Closely comparable as a small-footprint, retail FTTH provider emphasizing symmetric gigabit speeds, no contracts, and local customer service.

Others

  • Starlink (SpaceX): Satellite-based broadband service targeting exactly the rural/underserved customer segment that Maverix serves. An alternative rather than a direct competitor, but a binding constraint on pricing power and the realistic rural broadband TAM.

Emerging players

  • Google Fiber: Pure-play fiber ISP offering symmetric gigabit (and multi-gig) service to residential customers. Comparable on the FTTH, gigabit, no-data-cap product axis, but operates in larger metros and brings hyperscaler-grade execution.
  • Starry: Fixed-wireless broadband operator focused on urban/suburban apartment and MDU broadband. Comparable as a newer-generation broadband ISP competing for residential high-speed internet dollars, though with wireless rather than fiber delivery.

Broad incumbents

  • Comcast (Xfinity): Largest U.S. cable broadband provider competing for residential high-speed internet customers in Colorado. Comparable as a consumer ISP alternative in the same households Maverix targets, but uses hybrid fiber-coax rather than direct fiber.
  • Frontier Communications: Large ILEC actively expanding its fiber footprint into previously underserved markets with symmetrical gigabit tiers. Comparable as a wired broadband carrier competing for the same residential and SMB customers, though at vastly greater scale.
  • Lumen Technologies (CenturyLink): Incumbent wireline telecom and fiber ISP with significant Colorado footprint through CenturyLink legacy. Directly comparable as a wired/fiber broadband carrier, but at national scale and with broader product portfolio beyond Maverix's rural FTTH focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Maverix Broadband social profiles

Digital presence

Maverix Broadband financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Maverix Broadband leadership team

Management profile

Number of profiles

Maverix Broadband funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Maverix Broadband M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maverix Broadband

What does Maverix Broadband do?

Maverix Broadband delivers fiber-to-the-premises (FTTP) internet service over a 100% direct fiber optic network for residential and business customers in rural Douglas and Elbert counties, Colorado. The company provides symmetric gigabit speeds up to 10Gbps with no data caps, no contracts, and no start-up fees, supported by self-built fiber infrastructure spanning more than 200 miles. Subscription-based recurring monthly plans are sold directly via the company's website and complemented by in-house fiber installation services including construction, trenching, splicing, and activation.

Is Maverix Broadband a public or private company?

Maverix Broadband is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Maverix Broadband founded?

Maverix Broadband was founded in -1. It employs 11 to 50 people.

Where is Maverix Broadband based?

Maverix Broadband is headquartered in Parker, United States, in the North America region.

How does Maverix Broadband make money?

Two revenue lines are on record. Residential Fiber Internet Service is the primary driver. The others are business Fiber Internet Service.

Who are Maverix Broadband's main competitors?

Direct peers on record are Consolidated Communications, TDS Telecom, Vexus Fiber and Ting Internet. Starlink (SpaceX) is listed as an others. Emerging players are Google Fiber and Starry. Broad incumbents are Comcast (Xfinity), Frontier Communications and Lumen Technologies (CenturyLink).

Does Maverix Broadband have an API?

No public API is recorded for Maverix Broadband.

What industry is Maverix Broadband in?

Maverix Broadband's product category is Fiber Internet Services. Its primary akta.pro industry code is HDAIADAE, Fiber ISPs (FTTH/FTTP Retail Providers), with a secondary code of HDAIABAC, Fiber-to-the-Premises (FTTP/FTTH) Broadband Providers. Its NAICS code is 517111 and its SIC code is 4813.

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Live signals
BusinessDenBankrupt rural broadband provider in ‘tense situation’ as receiver, founder clash - BusinessDenA Denver bankruptcy judge heard arguments Thursday on Maverix Broadband's financial mess, with 2,000 customers awaiting answers. The judge expressed concern, and the company, which receives state grants for rural broadband, faces a receiver-founder clash.Fierce-networkMaverix Broadband disputes BEAD misuse allegationsMaverix Broadband defended itself against Colorado's rescission of its $103 million BEAD award, citing submitted paperwork on fund use. The state froze payments and terminated grants after whistleblower reports, and plans a competitive rebid for the 10,000+ locations.TelecompetitorColorado freezes BEAD payment of more than $100M to Maverix BroadbandColorado's Broadband Office froze over $100 million in BEAD grants to Maverix Broadband, which is in receivership, after whistleblower complaints. The CBO will recover $2.5 million federal and $700,000 state funds through receivership and bankruptcy proceedings. It plans to reopen affected locations via competitive rebid.Fierce-networkColorado rescinds BEAD awards to Maverix Broadband after whistleblower warningsColorado rescinded $103 million in BEAD awards to Maverix Broadband after whistleblower reports revealed financial mismanagement. The company, already in receivership and Chapter 11 bankruptcy, had received about $9.17 million in other grants. Colorado is pursuing recovery of $3.2 million and will rebid affected locations.PostIndependent.comRural broadband in Colorado is set to get a $420 million boost. See where the money is going.Colorado's rural communities are slated to receive over $420 million in federal broadband funding from the Infrastructure Investment and Jobs Act, approved by the National Telecommunications and Information Administration, which will provide high-speed internet to more than 96,000 Coloradans. Nearly $103 million of the total funding will go to Maverix Broadband, while broadband company Conexon received $29 million for projects in mountain communities. The state had initially been approved for $826 million in 2023, but the funding was reevaluated during President Donald Trump's second administration, resulting in approximately half of the originally expected amount.