June 2022

Brightspeed zeroes in on North Carolina for initial fiber build

Brightspeed is set to acquire assets in 20 states from Lumen Technologies (formerly CenturyLink) later in 2022, but has already homed in on one of those as the focal point for its planned $2 billion fiber build. The operator revealed North Carolina will be the home of an initial project which aims to reach 300,000 locations across 30 counties by the end of 2023. Target markets include the Greenville, New Bern, Raleigh, Durham, Greensboro, High Point and Winstem-Salem areas.

Sponsor: 

Subcommittee on Consumer Protection and Commerce

House Commerce Committee

Date: 
Tue, 06/14/2022 - 10:30

The Extra Costs of BEAD Funding

There are a lot of extra costs for a broadband provider to accept Broadband Equity, Access, and Deployment (BEAD) Program funding including Environmental and Historic Preservation Reviews, Letters of Credit, Prevailing Wages, Requirements on Contractors, Reporting Requirements, and Taxes. I have to laugh when I look at these requirements and see that reaching that single remote location might get layered with hundreds of thousands of dollars of extra costs. The biggest drawback of expensive grant compliance is that it drives up the cost of every grant project.