Ownership

Here they go again. Using false and tired arguments, big cable is attacking three community broadband networks that residents and their elected officials chose to build and own. And like it did earlier in 2023 in Bountiful City, Utah, it is hiding behind a surrogate that doesn’t reveal its financial supporters. It is profoundly ironic that the country’s richest media companies are attacking “government-run” networks when they are at the same time bringing in billions of dollars of subsidies from the federal government and seeking billions more in grants from state governments.

GoNetspeed is on a fiber deployment spree. The fiber provider accelerated builds in the second half of 2023, with the expectation that by the end of the year it will pass more than 140,000 locations across Maine, New York, Connecticut, Massachusetts and Alabama. In November 2023 alone, GoNetspeed announced new service availability in Portland and Rockland in Maine; Attalla, Alabama; Amherst, Massachusetts and Plymouth, Connecticut.

Jonesboro, Arkansas-based Ritter Communications continues to build on its legacy of serving underserved communities by aggressively deploying fiber in its four-state footprint across Arkansas, Missouri, Tennessee and Texas. This rapid deployment has been funded by a variety of sources, including support from private equity partner Grain Management and the Ritter family, bank loans, and American Rescue Plan Act-funded state grants for broadband deployment.

In a deal between two broadband and telecommunications operators in rural southeast Iowa, Kalona Cooperative Technology Company (KCTC) acquired Farmers & Merchants Mutual Telephone Company (Famtel).The transaction was about two years in the making. The companies had shared ideas over the years and, in October 2022, the KCTC board of directors signed a letter of intent to acquire Farmtel.

Israel told Elon Musk his Starlink satellite network will only be allowed to operate in Gaza with Israel's approval, as the entrepreneur met the country’s leaders amid a furore over alleged antisemitism on his social platform X. Musk declared in late October 2023 that his satellite internet service Starlink would “support connectivity to internationally recognised aid organisations in Gaza”, which has suffered lengthy blackouts under Israel’s bombardment.

President Joe Biden announced what he called a “big step” toward internet for all, rolling out a $42 billion investment to deliver broadband to unserved and underserved communities. “With this funding, along with other federal investments, we’re going to be able to connect every person in America to reliable high-speed Internet by 2030,” President Biden said of the funds, allotted through the Infrastructure Investment and Jobs Act.

The collision of Elon Musk’s Twitter takeover and the recent chaos at OpenAI reveals something even bigger than social media’s shifting tectonic plates—the extent of the society-shaping power wielded by a very small cadre of Silicon Valley titans. Individual personalities—and individual fortunes—matter far more in the world of Silicon Valley startups than they do in corporate America’s more consensus-oriented, traditional bureaucracies.

The White House denounced Elon Musk for “abhorrent promotion of antisemitic and racist hate,” for his endorsement of what an administration spokesman called a “hideous lie” about Jews. All of which might make one think the Biden administration was going to try to pull back from doing business with the world’s richest person. Except that, in recent weeks, the U.S.

Private equity companies have steadily become a mainstay in the broadband industry, as they seek a piece of the fiber pie. Jonathan Adelstein, managing director and head of global policy and public investment at DigitalBridge, discussed how firms like his pick a fiber provider to invest in. It’s not just about cost per passing and making sure “that’s under control,” he says, cost per subscriber is a key factor as well. DigitalBridge also looks at a provider’s contract relationships, “making sure that they’re strong, that they can control the supply chain.” That way, DigitalBridge is able to

I’ve spent my entire life fighting to ensure that Americans from any background, of any color or creed, have the opportunity to fight for their very own American Dream.