Overall, $9.3 billion was designated for 647 broadband stimulus projects with $6.5 billion in grants, $1.3 billion in loans, and another $1.5 billion in matching funds. Infrastructure projects took 428 awards, with $5.8 billion in grants and $1.3 billion in loans. Some observations:
1) Why wasn't more money allocated to wireless infrastructure? Wireless systems can extend broadband to subscribers over many miles at much lower deployment costs, around $1,500 per subscriber for the access portion (base station and subscriber units). Moreover, wireless systems are easier and faster to deploy than trenching fiber cable over long distances.
2) Department of Agriculture Broadband Infrastructure Projects budgeted $10,000 per subscriber for FTTH deployments. Most of these projects are in rural areas with lots of wide-open spaces, so deployment costs will be higher than if FTTH were deployed in denser-populated areas. Still, that figure is probably 2-3 times what can actually be done to extend fiber into rural markets.
3) The first half -- Round One -- was a free-for-all with seasoned veterans almost overrun by a pack of undisciplined, freewheeling walk-ons and free agents scrambling to score a piece of the action. Those that couldn't demonstrate viable performance were cut almost immediately. Second half action in Round Two was much more orderly with applicants showing more disciplined approaches and greater technical and economic feasibility.
4) the referees (reviewers) faced a monumental task in sorting out projects that had merit from those that did not; they did a commendable job.
5) Most BIP awards went to established companies that have a history of borrowing, and repaying, funds. Scores of BIP applicants were turned down flat because they had no track record or because their proposals were not feasible.
6) Fiber projects far outweighed wireless alternatives. This is, in part, because more wireline companies (independent telcos, ISPs, small cablecos) applied for funds. Fiber systems are the safe bet; the technology is stable and the players are established. Fiber equipment manufacturers are well-known, reliable, and have a good performance record.