Gigabit Seattle's financial vehicle is still a concept car
16 December 2012 by Steve Blum
business, business model, capital cost, dark fiber, demand, fiber market study, ftth, fttp, funding, gigabit squared, municipal broadband, private capital, public private partnership, seattle
business, business model, capital cost, dark fiber, demand, fiber market study, ftth, fttp, funding, gigabit squared, municipal broadband, private capital, public private partnership, seattle
Thanks for the down payment. Just need to find someone to co-sign the loan.
“Gigabit Squared is providing the capital, although details of the financing model aren’t clear,” wrote Stacey Higginbotham in a story for GigaOM following Gigabit Squared’s announcement last May that it had formed a partnership with Gig.U and was bringing $200 million to the table to fund fiber networks in as many as six cities.
The financing model was equally unclear last week when the City of Seattle and the University of Washington blessed a plan by Gigabit Squared to build a demonstration fiber-to-the-premises network in 12 Seattle neighborhoods.… More
