Linda Hardesty

An appealing way to finance fiber builds is through asset-backed securities (ABS). However, this is only available to established companies that actually have fiber assets, which they can leverage to secure a lower cost of debt. It’s not something available to new entrants in the fiber space. Since the introduction of the Broadband Equity Access and Deployment (BEAD) program, many private equity (PE) investors have entered the fiber market.

Evan Feinman, director for the Broadband Equity, Access and Deployment (BEAD) program with the National Telecommunications and Information Administration, provided an update on the program. All states have submitted their Volume 1 proposals to NTIA, and Feinman said that nearly all Volume 1 proposals are approved. A check of NTIA’s Progress Dashboard today shows that only Florida, Maryland and Minnesota have yet to have their Volume 1s approved.

Treasury Secretary Janet Yellen visited a recently completed Comcast rural broadband project in Stafford County, Virginia, highlighting that this is a public-private project between Comcast and the county. The giant cable company is involved in public-private partnerships across its national footprint. For years cable operators such as Comcast, Charter and Cox have fought hard against municipal broadband projects, always crying that it’s wrong for taxpayer dollars to compete against their private investments.

In 2021, Los Angeles County leaders decided they wanted to close the digital divide in some underserved areas. So, the county issued a request for proposal, soliciting bids from broadband providers. Surprisingly, WeLink, a relatively unknown fixed wireless access (FWA) provider, won the contract, beating out incumbents such as AT&T and Charter Communications.

When the internet was new, people talked a lot about long-haul networks in the United States. That’s because a lot of the early data centers were on the East and West coasts, and they needed to be connected. These days long-haul networks are largely overshadowed by last mile builds. There’s a lot of existing long-haul and middle-mile fiber that can be patched together to create the desired routes for any business.

Cable companies Charter and Comcast have been wooing subscribers to their mobile virtual network operator (MVNO) services. But they can’t convince all their internet customers to include wireless in their plans. The stumbling block seems to be inertia.

Individuals are filing comments with the Federal Communications Commission about their experiences with bulk billing. They’re complaining that they’re forced to pay for cable TV when they don’t want it and they’re forced to get broadband from cable providers even if they currently have fiber broadband, which they love.

In response to claims that Mercury Broadband has overstated its ability to provide fixed wireless access (FWA) in 12 Michigan counties on the Federal Communications Commission's (FCC) broadband map, the company has released its own map of coverage in the counties in question. Mercury said it uses Forsk’s Atoll software for its mapping. The company stated in an email, “Mercury does not intentionally overstate speeds or coverage.

The city of Joplin (MO), has taken broadband competitiveness into its own hands and has wooed ALLO Fiber to build a fiber network in the city that will compete against the long-time incumbent Cable One. This is bad news for Cable One. But it could also spell bad news for cable providers all over the country. For several decades cable operators have been careful to respect each other’s footprints, rather than competing against each other in many markets.

One tactic that both private and public fiber companies are using to raise capital is to tap asset backed security (ABS), according to the analysts at TD Cowen. ABS is a type of financial investment that uses income-generating assets as collateral and is an alternative to other ways of raising capital, such as corporate bonds.