telecompetitor

Wilkes/RiverStreet Scores Big Loan For Fiber Broadband Projects

RiverStreet Networks, a sister company of rural provider Wilkes Communications, has received a $191.1 million loan from CoBank that will go, in part, to refinance legacy US Department of Agriculture Rural Utilities Service financing and, in part, to deploy fiber broadband in rural areas of North Carolina and Virginia.

Online Anger: Which Broadband Brands Get Customers the Most Riled Up?

The electronics/technology sector ranks second on a list of industries that elicit the most emotional language among online commenters, according to an analysis of online reviews from Trustpilot conducted by online learning provider Preply. The electronics/technology sector was outranked only by the travel/vacation sector.

President Biden Signs Farm Bill Extension, Stopgap Funding for USDA Broadband

President Biden signed an extension to the Farm Bill as part of a new appropriations package aimed at averting a government shutdown. Executives from NTCA—The Rural Broadband Association and WTA—Advocates for Rural Broadband  Executives from NTCA—The Rural Broadband Association and WTA—Advocates for Rural Broadband explained that the bill authorizes US Department of Agriculture to continue to operate broadband programs included in the 2018 Farm Bill through September 2024.

It Takes All Kinds: Maine’s Diverse Broadband Programs

Look at funding resources on the webpages for Maine Connectivity Authority (MCA) and you’ll find multiple funding programs, each with its own set of rules. 

Minnesota Line Extension Funding: Local Providers Are the Big Winners

Three local providers were the big winners in the latest round of Minnesota’s Line Extension Connection broadband funding program. Two larger companies—Mediacom and Midco—also won funding in this round of the program, which awarded a total of almost $4.4 million. Mediacom won $190,501 to extend service to 37 locations and Midco won $166,800 to extend service to 21 locations.

Investor Urges Shareholders Not to Approve Consolidated Communications Sale

One of Consolidated Communications’ institutional investors is encouraging other shareholders not to vote in favor of the proposed Consolidated sale to Searchlight Capital Partners and British Columbia Investment Management Corporation. The investor, Wildcat Capital Management, owns about 3 million shares of Consolidated stock, or between 2 and 3 percent of the company. That makes Wildcat the fifth largest independent stockholder, according to Wildcat.

South Dakota Sets High Bar for Broadband Funding

The state of South Dakota has set a high bar for applicants seeking rural broadband funding in the ConnectSD Broadband Development Program. For example, the state sees fiber broadband as the “gold standard” in broadband technology.

Idaho Awards $119 Million for Broadband to Ziply, Comcast and Others

The state of Idaho has awarded nearly $119 million in funding to Ziply, Comcast and 14 others. Ziply won two awards totaling over $14.3 million. Comcast won a single award for over $9.8 million. Other awardees included competitive and incumbent local providers. In addition, some awards went to individual counties. Awardees will contribute matching funds equal to 30 percent of project costs on average. The funding will go toward last mile and middle mile projects. The funding for the program came through the federal Capital Projects Fund.

Virginia Broadband Director Shares How the State Got a Head Start on BEAD

Virginia will be receiving nearly $1.5 billion in Broadband Equity, Access, and Deployment (BEAD) Program rural broadband funding—one of the higher amounts allotted in the program. Virginia’s goal is to ensure universal service, and as Dr.

A Tale of Two Cable Companies: Comcast Vs. Charter Broadband

Cable giants Charter and Comcast reported considerably different broadband results for the third quarter. As financial analysts at MoffettNathanson put it in a research note about Charter’s earnings, “Every unit metric in Charter’s report is strong, and more to the point, much stronger than Comcast’s.

Charter Declines $6.9 Million Maine Broadband Award

Charter Communications told the Maine Connectivity Authority (MCA) that the company will decline a $6.9 million rural broadband award announced in April.

Rural Electric Subsidiary Velocity Taps FWA to Reach Unserved Areas

Velocity, founded in 2018 and located in south central Kansas, is a subsidiary of the Butler Electric Cooperative and serves approximately 5,500 consumer customers. Velocity’s fixed wireless service operates on more than one band of unlicensed spectrum, depending on the loading and density of each tower. However, the organization will be migrating to fiber in the coming months and years. As a nonprofit, Velocity is trying to provide service as close to cost as possible. Velocity’s current fixed wireless pricing ranges from $49 (up to 15/3 Mbps) to $84 (up to 100/10 Mbps).

Mississippi Broadband Director: Funding Awarded to the State Has Gotten “Larger and Larger”

The state of Mississippi will be getting one of the largest allotments in the Broadband Equity, Access and Deployment (BEAD) rural broadband funding program–$1.2 billion. The funding comes on top of $151.5 million that the state was awarded from the Capital Projects Fund and an earlier award of $32.6 million from the Broadband Infrastructure Program (BIP). “We started with a smaller award and the awards have been getting larger and larger," said Sally Doty, director of the Office of Broadband Expansion and Accessibility of Mississippi (BEAM).

Bluepeak: Rural Consolidation with Local Flair

Bluepeak has been swiftly and steadily expanding its footprint since its owner, private equity firm GI Partners, acquired competitive cable TV provider Vast Broadband in February 2021. At the time of the acquisition, Vast’s cable network passed 150,000 homes in its anchor markets, Sioux Falls and Rapid City (SD).

Colorado Broadband Funding Program is Almost Four Times Oversubscribed

The Colorado Broadband Office received 112 applications from 37 entities requesting broadband funding through the Advance Colorado Broadband grant program. The total funding requested totals $643 million, which is almost four times more than the $162 million budgeted for the program. The network operators requesting the funding offered to contribute a total of almost $312 million in matching funds for projects in 47 counties. Thirty counties received one application, and 17 counties received more than one.

Comcast DOCSIS 4.0 Rollout: What’s Under the Hood?

Comcast announced that it will roll out DOCSIS 4.0 in Colorado Springs in late October and to parts of Atlanta and Philadelphia before the end of 2023. The company claims this is a world first. “Initially, customers subscribing to X-Class Internet plans will use the newest Xfinity Advanced Gateway with a companion modem to deliver multi-gig symmetrical speeds,” said Comcast. “[In 2024], Comcast expects to introduce its first DOCSIS 4.0-capable gateways.” X-Class is a new brand name for its symmetrical internet offerings. Comcast will offer symmetrical speeds up to 2 Gbps.