January 2024

Florida Provider Wire 3: Megabit Broadband Speeds Are “Obsolete”

Announcements about multi-gigabit fiber broadband offerings are not as exciting today as they were a year or two ago, now that more and more providers are offering those speeds.

Impact of the Fiber Slowdown

While there was a huge amount of fiber built in the US in 2023, the largest providers almost universally cut back their plans during the year. There are a lot of reasons for the fiber construction slowdown. The high cost of borrowing put a crimp in a lot of service provider plans, and slowed new home startups, which are part of any plans for fiber expansion. Inflation played a role in the slowdown, too: it cost at least 20% more to build a fiber network by the end of 2023 than just a few years earlier. What are the consequences of a fiber construction slowdown?

Guiding Texas' Digital Opportunity Investments

The Texas Broadband Development Office (BDO), under the Texas Comptroller of Public Accounts, developed the Texas Digital Opportunity Plan to guide non-infrastructure-related digital opportunity investments. Another aim is to position the BDO to receive State Digital Equity Capacity Grant Program funds from the U.S. Department of Commerce's National Telecommunications and Infrastructure Administration (NTIA).