Everything listed under: telecom

  • $35 Million Prior Lake Telecom Proposal Pits City Against Private Business

    PRIOR LAKE, MN—A recently minted $35 million taxpayer-backed telecom proposal in Prior Lake takes a sharply confrontational posture toward the very sector the project ostensibly aims to attract—private business. An $80,000 feasibility study aggressively singles out three telecom providers with thousands of Prior Lake customers that the proposed city network would compete for, even as it lays claim to “creating an environment in which the private sector can thrive. This is about enabling the priv...

  • Monticello Stops Bond Payments on Troubled Municipal Telecom

          Is city headed toward default of $26 million in bonds?     The City of Monticello has notified bondholders that it plans to stop repayment of $26 million in bonds for the troubled FiberNet Monticello telecom system, due to a shortfall in operating revenue from telecom subscribers. This development marks the most dramatic step yet in the downturn for what was once a nationally touted municipal telecom model.

  • SW Minnesota Town Says $15 Million Stimulus Broadband Project May Be Shelved

    Escalating cost of fiber materials raises questions for similar projects The recipient of a major federal stimulus grant and loan in southwestern Minnesota appears to be having second thoughts about proceeding with a broadband project spread out over three counties. The $15 million project which planned to expand broadband service in 15 communities may be in danger of going into the financial red zone, apparently due at least in part to the escalating costs of fiber optic cable. Woodstock Teleph...

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