Masha Abarinova

It’s a no-brainer that fiber providers need some way to get the money they need for their passings targets, whether that’s tapping into government grants or private equity support. However, Frontier Communications is pursuing a third option. In August 2023, Frontier inked a $2.1 billion asset-backed securitization (ABS) deal – the first public company in the U.S.

You can’t go far in the broadband industry without hearing about some internet service provider getting acquired or an investment from a private equity company. Brightspeed, Consolidated Communications and Wire 3 are a few recent examples. Ropes & Gra

If you ask broadband providers about the biggest obstacles to network deployments, permitting roadblocks and pole attachments usually make the top of the list.

We’ve heard the National Telecommunications and Information Administration (NTIA) say 2024 is “the year of execution” for the $42.5 billion Broadband Equity, Access and Deployment (BEAD) program. NTIA Administrator Alan Davidson revealed how the agency is juggling BEAD along with its initiatives focused on digital equity and artificial intelligence (AI) risks. When Davidson first took the helm at NTIA, plenty of states didn’t even have broadband offices.

Alabama is getting a major open access fiber boost via private investment. Meridiam, an infrastructure investment firm, is kicking off a $230 million project to build an open access network that will reach 17 Alabama cities, including Selma and Demopolis. It aims to eventually cover 53,000 homes and businesses in partnership with Yellowhammer Networks, a fiber-to-the-premises network developer that’s financed by Meridiam. This is far from Meridiam’s first time riding in the broadband infrastructure rodeo.

STL is already cashing in on a decision to bring its fiber manufacturing stateside, striking a deal to supply cables to regional internet service provider Lumos.

The $42.5 billion Broadband Equity, Access and Deployment (BEAD) program is top of mind right now, as states kick off their challenge process to figure out which locations need to be covered by BEAD projects. Tarana Wireless hosted a webinar to address questions for internet service providers.

Astound Business Solutions has launched a commercial 400G wavelength service, which it said aims to deliver the “massive capacity” large carriers, enterprises and public sector organizations require. The offering leverages Ciena’s WaveLogic 5 Extreme 800G and WaveLogic 5 Nano 400G coherent optics. Launched in 2020, WaveLogic 5e is capable of transmitting and receiving up to 800G of network traffic on a single wavelength.

Just over a year has passed since AT&T and asset management firm BlackRock formed Gigapower, a joint venture (JV) that’s providing a wholesale open access fiber network to AT&T’s out-of-footprint territory. Gigapower announced plans to build in Albuquerque, New Mexico. CEO Bill Hogg said the JV is currently constructing networks in five states; Alabama, Arizona, Florida, Nevada and Pennsylvania. AT&T, which is serving as Gigapower’s anchor tenant, is offering service on the network in Arizona, Florida and Nevada.

2023 set the stage for the $42 billion Broadband Equity, Access and Deployment (BEAD) program, as the National Telecommunications and Information Administration (NTIA) announced how much funding each state would get and states began drafting their initial proposals. According to Sarah Morris, NTIA’s principal deputy assistant secretary and deputy administrator, 2024 will be “the year of execution” for BEAD.