Connect with us

Infrastructure

Topic 1 at Digital Infrastructure Investment 2021: Infrastructure Investment Funds

Topic 1 at DII2021 considers debt and equity financing for digital infrastructure investment.

Published

on

Panelists for Topic 1 at Digital Infrastructure Investment 2021

September 14, 2021 – In less than two weeks, Broadband Breakfast will kick off Digital Infrastructure Investment 2021 at the Broadband Communities Summit on Monday, September 27, 2021.

This pathbreaking event brings the broadband infrastructure and financial services communities together to focus on the digital infrastructure and investment asset profile, including fiber, small cells, towers and data center assets required to support a 21st Century information economy.

This kickoff session at Digital Infrastructure Investment 2021 – Topic 1 — concerns the all-important debt and equity financing for digital infrastructure investment. It will begin shortly after the conference kicks off at 1 p.m. ET / 12 Noon CT. Unlike other aspects of the Broadband Communities Summit, Digital Infrastructure Investment 2021 will be available both IN PERSON and LIVE ONLINE.

I will moderate this session, which we hope will set the stage for a broader discussion that includes investment fund manager, institutional investors, venture capitalists and senior broadband leaders speaking in Topics 2, 3 and 4 later in the day. Last-mile digital infrastructure, public-private partnerships, and the future of shared infrastructure will be considered in subsequent panels at the event.

Topic 1 includes, as panelists, Tom Coverick, Managing Director of Keybanc Capital Markets, James Wagar with Frontbridge Capital, Lindsay Miller with Ice Miller LLP and Ryan Carr of MC Partners.

Visit Digital Infrastructure Investment 2021 to register, and for the most up-to-date information about the mini-conference.

Panelists for Topic 1:

  • Ryan Carr, Partner, MC Partners
  • Tom Coverick, Managing Director, Keybanc Capital Markets
  • Lindsay Miller, Partner, Ice Miller LLP
  • James Wagar, Partner, Frontbridge Capital
  • Drew Clark (moderator), Editor and Publisher, Broadband Breakfast

James Wagar is a partner with Frontbridge Capital, in addition to serving as a Managing Director for Thomas Capital Group, and a Partner with Alpine Pacific Capital. He is a graduate of Pacific Lutheran University where he received his BBA in Finance. James has experience in myriad areas including venture capital, private real estate, buyouts, and growth equity.

Tom Coverick serves as the managing director for Keybanc Capital Markets, working with their public sector division. Tom has extensive experience in municipal broadband and public finance in the Midwest, Southwest, and Northeast. Tom has worked for broadband initiatives such as UTOPIA Fiber, the Utah Infrastructure Agency, and MINet.

Ryan Carr is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments for broadband infrastructure and technology services segments. He serves on the Board of BAI Connect, Everywhere Wireless and Denovo and previously was on the Board of Thrive Networks, as recapitalized by Court Square. Prior to joining M/C Partners, he worked at MVP Capital, a telecommunications, media and technology focused boutique investment bank, where he completed a number of financing and M&A transactions in wireless communications and infrastructure, fiber infrastructure and media sectors and previously worked as a certified public accountant in the energy and telecommunications sectors of KPMG.

Lindsay Miller is a partner at the law firm Ice Miller LLP and is a member of the Public Affairs and Government Law Groups. With nearly 15 years of experience in broadband and telecommunications initiatives, Lindsay is a strong advocate for building relationships with public and private sector stakeholders. She regularly advises municipalities on how to utilize Public-Private Partnerships for fiber and wireless expansion to build smarter cities and leverage the Internet of Things.

Drew Clark (moderator, not pictured), Editor and Publisher of Broadband Breakfast, also serves as Of Counsel to The CommLaw Group. He has helped fiber-based and fixed wireless providers negotiate telecom leases and fiber IRUs, litigate to operate in the public right of way, and argue regulatory classifications before federal and state authorities. He has also worked with cities on structuring Public-Private Partnerships for better broadband access for their communities. As a journalist, Drew brings experts and practitioners together to advance the benefits provided by broadband, and – building off his work with Broadband Census – was appointed Executive Director of the Partnership for a Connected Illinois under Gov. Pat Quinn. He is also the President of the Rural Telecommunications Congress.

Digital Infrastructure Investment 2021 will take place at the Broadband Communities Summit, and online, on Monday, September 27, 2021. 

Join the Broadband Breakfast Club and Register for the LIVE ONLINE version of Digital Infrastructure Investment 2021 for the Member’s Rate of $149. First month of Broadband Breakfast Club Membership included.

REGISTER NOW

The Broadband Communities Summit is ​the ​leading ​conference ​on ​broadband ​technologies ​for ​communities. It will take place in Houston, Texas, from September 27 – September 30, 2021.

The Summit ​attracts ​broadband ​system ​operators, ​network ​builders ​and ​deployers ​of ​all ​kinds. ​Many ​of ​the ​country’s ​major ​property ​owners ​and ​real ​estate ​developers ​attend ​the ​Summit ​each ​year, ​along ​with ​independent ​telcos ​and ​cable ​companies, ​municipal ​and ​state ​officials, ​community ​leaders ​and ​economic ​development ​professionals. ​

For more information on the Summit, visit Broadband Communities, as well as 2021 Travel & Hotel Information.

Broadband Breakfast Club Members receive discount pricing on both the Broadband Communities Summit and Digital Infrastructure Investment 2021.

Join the Broadband Breakfast Club and Register for BOTH the Broadband Communities Summit and the IN-PERSON Digital Infrastructure Investment 2021 for the  Member’s Rate of $349. First month of Broadband Breakfast Club Membership included.

REGISTER NOW

Digital Infrastructure Investment 2021 Sponsors:

Platinum Sponsor

Lit partners with municipal, county and other governmental entities, as well as a variety of private partners to deploy last-mile fiber optic network infrastructure. Residents and businesses connected to our networks will receive service from a local internet service provider that delivers a local brand and promise of great service and customer support.

Gold Sponsor

BroadbandNow is a data aggregation company helping millions of consumers find and compare local internet options. BroadbandNow’s database of providers, the largest in the U.S., delivers the highest-value guides consisting of comprehensive plans, prices and ratings for thousands of internet service providers.

Silver Sponsors

SiFi funds, builds and owns FiberCity™ networks for use by Internet Service Providers, 4G/5G carriers and other service providers wishing to deliver ubiquitous high-speed broadband services to business and residential properties as well as connectivity for city-wide Internet of Things applications.

Created by a group of Utah cities, the Utah Telecommunication Open Infrastructure Agency (UTOPIA) is a community-owned fiber optic network that uses the Open Access model to promote competition by giving customers the freedom to choose which telecommunication services they want.

To inquire about Digital Infrastructure Investment 2021, contact drew@breakfast.media.

Digital Infrastructure Investment 2020

See Broadband Breakfast’s Digital Infrastructure Investment Archives for a complete list of prior DII events, including DII 2020

Breakfast Media LLC CEO Drew Clark has led the Broadband Breakfast community since 2008. An early proponent of better broadband, better lives, he initially founded the Broadband Census crowdsourcing campaign for broadband data. As Editor and Publisher, Clark presides over the leading media company advocating for higher-capacity internet everywhere through topical, timely and intelligent coverage. Clark also served as head of the Partnership for a Connected Illinois, a state broadband initiative.

Advanced Energy

Greater Private Investments Will Supplement Federal Dollars Expended in Build America Initiative

Private investments need to support federal money going to infrastructure projects across the United States.

Published

on

Photo of Jigar Shah of the Department of Energy

WASHINGTON, June 8, 2023 – American investments in its domestic manufacturing must be accompanied by private investment and ambition, said the director of the Energy Department’s Loan Programs Office Jigar Shah a a Thursday event by nonprofit newsroom Canary Media. 

Currently, private companies are not interested in financing manufacturing loans in the U.S., said Shah. He urged the private industry to show more ambition by investing in infrastructure programs as federal investments come down the pipeline. 

Don’t miss the discussion of the connection between green energy, semiconductor manufacturing and infrastructure investment at Broadband Breakfast’s Made in America Summit on June 27.

The Build America Buy America Act, strengthened as part of the Infrastructure Investment and Jobs Act of 2021, requires that all iron, steel, manufactured products and construction materials used in federally funded projects to be produced in the U.S.

Additionally, Congress passed the Inflation Reduction Act of 2022 which invests $400 billion in federal funding to clean energy and the CHIPS and Science Act which invests $280 billion into U.S. domestic semiconductor manufacturing. Semiconductors are the microprocessors that power all electronic applications. 

These investments, paired with the $1.2 trillion Infrastructure Investment and Jobs Act which invests in various American infrastructure projects, play a central role in the administration’s strategy to revitalize the American industry. They invest in a more sustainable, consistent, and dependable supply chain for the U.S. economy, said Shah. 

Investing in American manufacturing will increase investor confidence that the U.S. is capable of large manufacturing projects, he added. 

By passing these acts, Congress has moved forward to improve American manufacturing, said Shah. It is now up to private industry to make the most of these investments and reinvent themselves to improve American global competitiveness. 

Continue Reading

Spectrum

FCC Votes Forward 42 GHz Spectrum Sharing Model Proposal to Broaden Use

Proposed rules will consider how the band might be made available through non-exclusive spectrum access models.

Published

on

Photo of Nathan Simington, Brendan Carr, Jessica Rosenworcel, Geoffrey Starks

WASHINGTON, June 8, 2023 – The Federal Communications Commission voted unanimously at its June open meeting to issue a notice of proposed rulemaking that explores how the 42 – 42.5 GHz spectrum band might be made available on a shared basis. 

The FCC will consider how the band might be made available through one of several non-exclusive spectrum access models that would have the potential to maximize its use, particularly by smaller providers. 

The 42 GHz band has 500 megahertz of greenfield airwaves with no federal or commercial incumbencies, which the FCC seeks to use with non-exclusive access models. This could entail using technology-based sensing to help operators mitigate interference by detecting and avoiding one another, non-exclusive licenses that leverage a database to facilitate co-existence, or site-based licensing. 

“In the United States, we have already auctioned nearly five gigahertz of this spectrum for traditional exclusive use. I believe now it’s time for something new,” said Chairwoman Jessica Rosenworcel in her statements. 

The notice further seeks comment on whether the approaches in the 42 GHz band could be used in other spectrum bands, like the lower 37 GHz band.

Comments regarding the action are due July 8. 

“Our goal here is to come up with a new model to lower barriers, encourage competition and maximize the opportunities in millimeter wave spectrum,” said Rosenworcel, urging for more creativity in sharing models. 

The FCC’s spectrum auction authority expired in March for the first time in its history.  

The FCC also voted to issue proposed rules that would advance the transition to next generation 911, which supports new 911 capabilities including text, video and data sharing.

The ruling would require that originating wireline, interconnected voice over internet protocol, and internet-based telecommunications relay service providers format 911 calls to be compatible with NG911 in IP-based format.  

For providers to implement these regulations, the ruling proposed a timeline of six months from the date it is adopted. Rosenworcel said this would “expedite and inform public safety efforts and dramatically improve emergency response.” 

The commission also voted forward proposed rules that would enhance the accessibility of interoperable video conferencing services by requiring video conferencing platforms to comply with the accessibility requirements under the Communications Act. That includes improving speech-to-text captioning, text-to-speech capabilities, sign language interpreters, and other accessibility tools.  

Continue Reading

Broadband's Impact

Uncertainty Regarding Affordable Connectivity Fund is Affecting Private Investment

Lack of assurance regarding the ACP funding discourages local governments and providers from investing into the program.

Published

on

WASHINGTON, June 7, 2023 – The uncertainty surrounding the refunding of the Affordable Connectivity Program, which is expected to run out of funds in 2024, has implications for internet service providers, American households, and local governments, said experts at a Broadband Breakfast Live Online event Wednesday. 

Uncertainty surrounding the ACP funds has turned private investment into a risky bidding game, said Blair Levin, senior fellow at think tank Brookings Institution’s Metropolitan Policy Program. The ACP increases the amount of private capital that providers are willing to invest in new developments in low-income communities because it increases the estimated take rate, he said. 

The ACP is currently subsidizing broadband access for more than 17 million Americans with a discount of up to $30 and $75 a month for low-income and tribal households. 

Moreover, ISPs are hesitant to market the program to consumers in a way that would suggest sustainability, as they would face a public relations nightmare if the program were to end abruptly, leaving millions of Americans without internet access, said Levin. 

The lack of assurance regarding the ACP funding discourages states, local governments and providers from investing time and resources into training staff, added Adeyinka Ogunlegan, vice president of government affairs and policy at advocacy nonprofit EducationSuperHighway.  

“Households need assurance now that the money will not disappear,” she continued. There is an urgent need to apply pressure to Congress to ensure communities get the certainty they need, she said. 

The ACP is the lynchpin that connects all other federal funds, added Director of the Capital Projects Fund at the U.S. Treasury, Joseph Wender. If the fund is not replenished by the end of the year, the cascading effect could compromise the effectiveness of other federal broadband infrastructure programs such as the $42.5 billion Broadband Equity Access and Deployment program and the $10 billion Capital Projects Fund by harming affordability and program take rate. 

Wender added that it is crucial to avoid reaching a critical point where providers need to notify subscribers about the program’s impending end before renewing the project funds. Consequently, relying on the Universal Service Fund reform to fund the program is not feasible within the limited timeframe.  

The USF, funded through a tax on voice service providers, supports four programs that make telephone and broadband services affordable for low-income households, health care providers, and schools and libraries. The fund’s sustainability has been under pressure with voice service revenues declining as more Americans use broadband services. 

The urgency for ACP renewal cannot be overshadowed by conversations about USF reform, said Ogunlegan.  

The ACP program is the “single most important policy issue in telecommunications in terms of impact on the largest number of Americans,” said Levin. 

Our Broadband Breakfast Live Online events take place on Wednesday at 12 Noon ET. Watch the event on Broadband Breakfast, or REGISTER HERE to join the conversation.

Wednesday, June 7, 2023 – Affordable Connectivity Fund (Special Town Hall Edition)

Since being created at the direction of the Infrastructure Investment and Jobs Act of 2021, the Affordable Connectivity Program has gained significant support across multiple sectors. Smaller internet service providers have said that the ACP provides critical funding for building out networks to rural communities, and digital equity advocates have frequently called the program a key part of closing the digital divide for low-income and minority communities. But the program’s success might contribute to its downfall—experts have warned that at the rate people are subscribing, the fund will soon run out of money. This special “town hall” event will address the Affordable Connectivity Fund and the strong desire from many in the broadband world to see it renewed.

Panelists

  • Blair Levin, Senior Fellow, Brookings Metro
  • Adeyinka Ogunlegan, Vice President, Government Affairs & Policy, EducationSuperHighway
  • Amina Fazlullah, Senior Director of Equity Policy, Common Sense
  • Amol Naik, Senior Vice President, Public and Policy and Community Engagement, Ting Internet
  • Joseph Wender, Director, Capital Projects Fund, U.S. Treasury
  • Drew Clark (moderator), Editor and Publisher, Broadband Breakfast

Panelist resources:

Blair Levin is a nonresident senior fellow at Brookings Metro and a policy analyst with New Street Research, an equity research firm focused on telecommunications and technology. Levin has also been involved in a number efforts to broaden broadband’s reach and effectiveness, including serving as the Executive Director of Gig.U: The Next Generation Network Innovation Project, an initiative of three dozen leading research university communities seeking to support educational and economic development by accelerating the deployment of next generation networks, leading the writing of a report for the World Bank and United Nations High Commission on Refugees on broadband for refugees, and most recently, working with the National Urban League to write the Lewis Latimer Plan for Digital Equity and Inclusion. Previously, Levin worked with the Communications & Society Program with the Aspen Institute Communications and Society Program, following his departure in 2010 from the Federal Communications Commission where he oversaw the development of a National Broadband Plan.

Amina Fazlullah is the Senior Director of Equity Policy in Common Sense‘s D.C. office where she works on a range of issues including expanding affordable access to technology, privacy, platform responsibility, and digital well-being. Prior to joining Common Sense, Amina was a tech policy fellow at Mozilla, where she worked to promote broadband connectivity in underserved communities (tribal, rural, and refugee communities) around the world. She has testified before committees in the U.S. House and Senate on technology issues impacting vulnerable consumers, kids, and families. She has been featured by the press and at conferences on issues related to broadband competition, Section 230, the digital divide, and dark patterns. She has published multiple research reports about the scale, cost, and solutions for addressing the digital divide. She has served on the FCC’s Consumer Advisory Committee and currently serves as a founding board member of the National Digital Inclusion Alliance. Amina has also worked with the Benton Foundation, U.S. Public Interest Research Group, for the Honorable Chief Judge James M. Rosenbaum of the U.S. District Court of Minnesota, and at the FCC.

Adeyinka Ogunlegan is the vice president for government affairs and policy at EducationSuperHighway, a national nonprofit with the mission to close the digital divide for the 18 million households that have access to the internet but can’t afford to connect. EducationSuperHighway focuses on America’s most unconnected communities, where more than 25 percent of people don’t have internet. As the leader of the government affairs team, Ogunlegan focuses on developing and executing the nonprofit’s policy strategy while bringing together the right coalition of champions to accomplish ESH’s mission to close the broadband affordability gap. Prior to joining EducationSuperHighway, she spent several years at Comcast where she was responsible for legislative advocacy and building partnerships with community-based organizations to close the digital divide.

Amol Naik is a government affairs executive and public policy lawyer with deep expertise in technology and infrastructure policy developed at senior levels in both the private sector and government. He is SVP of Public Policy and Community Engagement for Ting Internet, where he leads the national team responsible for all of Ting’s public policy advocacy at the federal, state and local levels, as well as evaluating new markets, and subsequently collaborating with communities in the manner required for building citywide fiber to the premises networks.  Amol is a civic leader in Atlanta and his interest in digital inclusion comes from his experience growing up in rural North Carolina, where he saw the devastating impact the digital divide can have on underserved communities of color.

Joseph Wender currently serves as director of the U.S. Department of the Treasury’s Capital Projects Fund. He previously served for nearly 13 years on Capitol Hill, most recently as Senator Ed Markey’s senior policy adviser, where he led a team covering a wide range of issues including telecommunications and infrastructure. Wender also worked as then-Representative Markey’s legislative director. Prior to working for Markey, he served as counsel for the House Transportation and Infrastructure Committee. He received his B.A. from Wesleyan University and graduated magna cum laude from Harvard Law School.

Drew Clark (moderator) is CEO of Breakfast Media LLC. He has led the Broadband Breakfast community since 2008. An early proponent of better broadband, better lives, he initially founded the Broadband Census crowdsourcing campaign for broadband data. As Editor and Publisher, Clark presides over the leading media company advocating for higher-capacity internet everywhere through topical, timely and intelligent coverage. Clark also served as head of the Partnership for a Connected Illinois, a state broadband initiative.

WATCH HERE, or on YouTubeTwitter and Facebook.

As with all Broadband Breakfast Live Online events, the FREE webcasts will take place at 12 Noon ET on Wednesday.

SUBSCRIBE to the Broadband Breakfast YouTube channel. That way, you will be notified when events go live. Watch on YouTubeTwitter and Facebook.

See a complete list of upcoming and past Broadband Breakfast Live Online events.

Continue Reading

Signup for Broadband Breakfast News



Broadband Breakfast Research Partner

Trending