telecompetitor
Brightspeed’s Plans to Invest That $2 Billion in Its Network
Brightspeed’s origin story isn’t typical for the telecommunications industry, at least not for a company of its size. It all started with an investment premise that Apollo Global Management wanted to test. That premise: “If we invested in an under-invested wireline company, could we turn it into a growth company?” Apollo negotiated a deal to buy CenturyLink’s local service business in 20 states, which appeared to be an excellent place to test the premise. Only 2 to 3 percent of the footprint that Apollo bought from CenturyLink had been upgraded to fiber when the ownership was transferred.
Charter’s $1.3 Billion Texas Investment
Charter celebrated the $1.3 billion that the company is investing in rural areas of Texas. Charter will invest $700 million of the money to cover the full cost of network upgrades. The remaining $420 million will cover some of the cost of fiber deployment. The remainder of the cost of fiber deployment will come partially from money Charter won in the Rural Digital Opportunity Fund program in 2020, and partially from public-private partnerships with counties and cities.
Dish’s Boost Wireless Expands, Now Covers 140 Million People
Dish’s Boost Mobile wireless network now covers 89 markets, with a footprint of 140 million people. The company recently added 12 new markets: Billings, MT; Cincinnati, OH; Columbia, SC; Denver, CO; Philadelphia, PA, Fayetteville, NC; Jacksonville, FL; Minneapolis, MN; Portland, OR; Shreveport, LA, Tucson, AZ; and Washington, DC. Dish bought the Boost Mobile business, which at the time was prepaid only, from T-Mobile as a condition of T-Mobile’s acquisition of Sprint. The deal closed in 2020. Dish owns spectrum and is moving traffic onto that network as it is built.
Advertising Watchdog Tells Charter to Soften Claims About T-Mobile Home Internet
Charter will comply with a series of recommendations made by The National Advertising Division (NAD) of Better Business Bureau (BBB) National Programs about certain claims the company has made about T-Mobile fixed wireless offerings, known as T-Mobile 5G Home Internet and T-Mobile Internet Lite. NAD recommends that Charter discontinue claims made in the “Game Time” and "Move Out" commercials, which suggest that T-Mobile Home Internet services provide “spotty,” “glitchy,” and unusable service, and that T-Mobile Home Internet is too slow for five people to use simultaneously.
Colorado Broadband Director Has a Pragmatic Approach to Broadband Equity, Access, and Deployment
Colorado is a bit of an enigma. It’s home to numerous dense and high population areas including the Denver/Boulder metro area, Fort Collins to the north and Colorado Springs to the south.
Two States Tally Up Broadband Funding Applications: Available Budget Comes Up Short
Add California and Wisconsin to the growing list of states whose broadband funding programs have received applications seeking considerably more funding than the program has available. California’s Federal Funding Account received 484 applications requesting $4.6 billion, which is more than double the $2 billion budgeted for the program. Awards are used to fund last mile infrastructure projects.
Arkansas-based Ritter Communications Gets Aggressive on Fiber
Jonesboro, Arkansas-based Ritter Communications continues to build on its legacy of serving underserved communities by aggressively deploying fiber in its four-state footprint across Arkansas, Missouri, Tennessee and Texas. This rapid deployment has been funded by a variety of sources, including support from private equity partner Grain Management and the Ritter family, bank loans, and American Rescue Plan Act-funded state grants for broadband deployment.
Rural Telecommunications Mergers & Acquisitions: One Iowa Provider Buys Another
In a deal between two broadband and telecommunications operators in rural southeast Iowa, Kalona Cooperative Technology Company (KCTC) acquired Farmers & Merchants Mutual Telephone Company (Famtel).The transaction was about two years in the making. The companies had shared ideas over the years and, in October 2022, the KCTC board of directors signed a letter of intent to acquire Farmtel.
Ezee Fiber Makes $200 Million Investment in Texas Expansion
Houston (TX)-based Ezee Fiber is investing $200 million in the continued expansion of its high-speed, 100% fiber optic network in Fort Bend County, a fast-growing area in southeast Texas. The investment pushes forward the company’s plans to reach an additional 125,000 Fort Bend County homes in 2024. The high-speed fiber internet is expected to be available to residents of Mission Bend, Sugar Land, Missouri City, Pearland and surrounding communities by the end of the third quarter of 2024.