Posts Tagged ‘Macquarie Capital’

Drew Clark: What Henry Clay’s and Abraham Lincoln’s ‘Internal Improvements’ Means for Gigabit Infrastructure Today

Broadband's Impact, Expert Opinion, Gigabit Networks October 5th, 2015

Editor’s Note: This column, “Once ‘Athens of the West,’ a Kentucky city seeks revival and improvements,” was originally published in the Deseret News of Salt Lake City, Utah. Here is a complete list of Drew Clark’s weekly columns for the paper.

LEXINGTON, Ky. — This city now best-known for horse racing and bourbon was, 200 years ago, once described as the “Athens of the West.”

And while east-central Kentucky has since gone through its economic ups and downs, last month the state’s civic leaders announced an ambitious fiber-optic development project that boosters say will once again put Kentucky in the national spotlight.

1606265Lexington enjoyed its early heyday from its founding in 1787 until the early decades of the 19th century. Its most notable resident was Henry Clay, the lawyer who became one of the three most influential national legislators (with Daniel Webster and John C. Calhoun) of the antebellum era.

Clay, the founder of the Whig Party, was a vigorous advocate of the “American System” of internal improvements. Today we would describe these as infrastructure investments.

It was the internal improvement sought by Clay that made transportation possible across the Western frontier. They began creating a truly national marketplace.

Lexington bequeathed us another figure sympathetic to the Whig cause: Mary Todd Lincoln. Visiting the museum here that was her home, I learned that her father — a member of the Kentucky Legislature — frequently invited his politically minded young daughter to sit in on meetings with constituents.

Mary Todd left Lexington, or course. More than 400 miles west, in Springfield, Illinois, she met and fell in love with a more hardscrabble Kentuckian. Abraham Lincoln also was a strong proponent of “internal improvements.”


Kentucky Deploys State-Wide Fiber Network Through Public Private Partnership with Macquarie Capital

Broadband's Impact September 21st, 2015

LEXINGTON, Kentucky, September 21, 2015 – The lieutenant governor of Kentucky, a bevy of state officials and their private sector counterparts here celebrated the finalization of the deal to build a $324 million broadband infrastructure project.

The project, KentuckyWired, is a public-private partnership (also dubbed a PPP) of the state and of the Australian financier Macquarie Capital. It is a 3,400-mile open access “middle mile” network that will span all 120 counties in the Commonwealth of Kentucky.

In planning, financing and negotiating stages for nearly a year, the Macquarie project closed on September 3, 2015. Bonds are set to be issued and construction of the network – albeit in very early phases – has begun.

When completed in 2018, the network will include six fiber rings around regions of the state, and fiber connections to at least one point in every county.

The Kentucky Wired network was the highlight and toast of each of four days at the Broadband Communities economic development conference here.

Kentucky Lt. Gov. Crit Luallen speaking at Broadband Communities conference in Lexington.


Financing Public-Private Fiber Networks Becoming a Reality, Say Experts at Broadband Communities Summit

Broadband Stimulus, Fiber, Gigabit Networks April 27th, 2015

Panel on Municipal Debt Financing and Public-Private Partnerships

Editor’s Note: This is one of several wrap-up articles about the 2015 Broadband Communities Summit earlier this month in Austin, Texas. For the complete list of articles from the summit, visit

AUSTIN, April 27, 2015 – Raising funds to build high-speed internet infrastructure through municipal debt financing is finally becoming a reality, according to a panel of financiers and broadband builders speaking earlier this month here at the Broadband Communities Summit.

Members of the panel, “Municipal Debt Financing and Public-Private Partnerships,” surveyed the landscape of typical municipal bond financing — traditionally used to build transportation infrastructure — and discussed how it applies in the broadband space.

While the financiers on the panel eagerly posed questions, some of the practitioners eagerly showcased models of bank-worthiness for building open-access fiber networks. [...]

FCC’s Wheeler Testifies Before House Subcommittee, Defends Record on Net Neutrality

Broadband's Impact, FCC, National Broadband Plan, Net Neutrality May 20th, 2014

WASHINGTON, May 20, 2014 – Federal Communications Commission Chairman Tom Wheeler came under heavy criticism during a Tuesday hearing before the House Energy and Commerce Subcommittee on Communications and Technology, with many members expressing disapproval of the agency’s recent performance, particularly over the issue of network neutrality. Rep. Greg Walden, R-Ore., criticized the agency’s “selective […]

For Utah’s UTOPIA, New Utility Financing Model for Open Gigabit Networks Contrasts with Google Fiber

Broadband's Impact, Fiber, Gigabit Networks May 5th, 2014

WEST VALLEY CITY, Utah, May 5, 2014 – One of the largest global companies involved in the construction of highways, airports, bridges and other capital-intensive infrastructure projects plans to spend more than $300 million to complete a Gigabit Network in Utah. The Australian-based company, Macquarie Capital, believes that it has found its first North American […]

Building Gigabit Networks: Three Powerful New Financing Models in Utah, Mississippi and Texas

Broadband's Impact April 29th, 2014

April 29, 2014 – As communities across the country consider ways to build Gigabit Networks, a range of public- and private-financing models are now being considered in geographies as diverse as the Wasatch Front in Utah, rural Mississippi; and College Station, Texas. Three separate financial models were explored earlier this month at the Broadband Communities […]

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