BROADBAND BREAKFAST INSIGHT: The Utah Telecommunications Open Infrastructure Agency has been outperforming expectations for some time; and never more so than recently. This post from FreeUTOPIA summarizes some of the reasons. In September, the entity signed a deal with Layton to allow the city to accelerate its build of the fiber-optic network.
Expanding UTOPIA the Layton Way, from FreeUTOPIA:
UTOPIA has never been in a better position. Revenues have exceeded operating expenditures for a considerable amount of time, new footprints are being opened for service every month, and many member cities have been finally embracing the network as a vital part of their infrastructure. While Orem has been putting in a lot of time drawing up plans, Layton actually beat them to the punch and pulled the trigger on an expansion that will take no more than 24 months to cover the rest of the city.
In many ways, this is a lot like the UIA plan where bonds are issued to be paid back by pledging subscribers. There’s a couple differences, though. For starters, UIA can now issue bonds on its own authority. This means cities no longer have to use their bonding capacity to back them. The Layton plan also has the city backing the bonds using city franchise fees. If the subscriber numbers fall below what is required to pay the bond (which, to date, has not happened in a single UIA expansion area), the city pledges to cover the difference. On the flip side, if revenues exceed the bond payments (which has happened in most UIA expansion areas), the city gets to keep a cut of that for whatever they want. This could include paying off the original UTOPIA bonds, funding other city services, or anything else, really. It’s important to note that this revenue split option is only available to cities who assumed the original debt service.
See also UTOPIA's press release on the subject.
- Panelists Debate Federal Role in Digital Privacy, But Agree Upon Need to Minimize Algorithmic Bias
- FCC ‘Coloring Outside the Lines’ on Broadband Mapping, Say Critics at Next Century Cities Event
- Broadband Advocates at Next Century Cities Emphasize Importance of Building Community Networks
- Advocates for Digital Inclusion Address Different Facets of Bridging the Digital Divide
- New America Highlights the Broadband Prices Available on Ammon, Idaho’s Open Access Network
Signup for Broadband Breakfast
Open Access1 month ago
UTOPIA Fiber: A Model Open-Access Network
China2 months ago
Prakash Sangam: China’s Huawei Clones Are Greater Threat to National Security than Huawei
Broadband Mapping & Data3 months ago
Broadband Data From Providers Needs to be Checked With Data From Users, Say Panelists at Mapping Event
Open Access3 months ago
UTOPIA Fiber Announces Partnerships with Morgan, Utah, Idaho Falls, and Other Cities
FCC2 months ago
Telephony Industry Rises to the Challenge of Robocalls, With Legislation, Regulation and Enforcement Close Behind
FCC Workshops2 weeks ago
Indian Tribes Will Have Six-Month Window of Opportunity to Apply for Former EBS Spectrum at 2.5 GigaHertz
Education3 months ago
State Educational Technology Officials Say Better Broadband Necessary for Pedagogy and Equity
FCC3 months ago
As Next Year’s C-Band Auction Looms, FCC Officials Reflect on Innovation in Spectrum Auctions