Masha Abarinova

Much of the hype around broadband funding is focused on the $42.5 billion Broadband Equity, Access, and Deployment (BEAD) program, but money continues to flow from the Capital Projects Fund (CPF). To date, the US Treasury Department has awarded nearly $5 billion from the CPF across 33 states. That amount is almost half of the Treasury Department’s $10 billion allotment for the fund. States that have received funding thus far expect to connect 1.4 million households as a result. The CPF was created in March 2021, but Treasury only began approving state funding requests June 2022.

ACA Connects President and CEO Grant Spellmeye underscored the top-of-mind issues pervading the broadband industry. Unsurprisingly, the allocation of federal funds was front and center. First, ACA wants to make sure broadband funding is going where it’s supposed to be, as Spellmeyer noted the organization is “very concerned” about overbuilding using government support. The biggest pot of broadband money comes from the Broadband Equity, Access, and Deployment (BEAD) Program.

With Altice USA revamping its management with a slew of Comcast veterans, investors are wondering if the latter might be eyeing an acquisition of the former.

The Alaskan landscape is rife with broadband accessibility and deployment challenges, which GCI is all too familiar with.

Fixed wireless and fiber provider Rise Broadband has been acquired by private equity firm GI Partners – a move that will propel Rise’s fiber-to-the-home deployments in the rural US, the companies said. GI Partners and Rise aim to “execute a multi-year, fiber-based network expansion effort,” according to Brendan Collins, managing director and co-head of GI Data Infrastructure.

Vermont, one of the least populated states in the US, has to contend with plenty of broadband-related challenges. But state legislation and municipal providers have made bridging the digital divide a little easier. Robert Fish, the Deputy Director of the Vermont Community Broadband Board (VCBB), said Vermont’s issues are the same as those elsewhere in the country.

Brandy Reitter, executive director of the Colorado Broadband Office (CBO), discussed what the state’s broadband coverage looks like, local challenges with deployment, and progress on the funding front. In terms of coverage gaps, Reitter estimates there are about 166,000 households and 360,000 locations across Colorado without access to high-speed broadband, with over half of those households (around 93,000) having cited a lack of physical infrastructure as the main obstacle to broadband access.

Flume, a New York City-based fiber provider, has made strides over the past couple of years offering gigabit service to lower-income households.

As AT&T continues ramping up its fiber business – reaching 18.5 million passings in Q3 – it aims to leverage its fiber strategy to grow wireless customers, according to CFO Pascal Desroches. “In 5-10 years from now I just don’t see consumers accepting anything other than fiber,” Desroches said. “Also I think the power 5G will bring will make wireless relationships even more valuable. And we are able to provide both with our owner’s economics.” When AT&T offers both fiber and 5G, it sees a “meaningful uplift” in its wireless penetration, Desroches added.

With all the buzz of late about internet service providers (ISPs) doubling down on fiber builds, there’s the question of whether fiber is cost-efficient enough to bridge the digital divide. Gary Johnson, CEO and general manager at Paul Bunyan Communications, noted fiber’s front-end costs don’t compare to its long-term benefits. “When we put in fiber networks we know it’s in there for decades,” Johnson said. “We’re not going to be rebuilding it, we’re burying all our infrastructure.