The loan to Open Range is expected to develop business and create new jobs in Alabama, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Nebraska, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina and Wisconsin.
The partnership will address the significant need to deploy wireless, portable broadband connectivity and improve service in considerable portions of rural America.
The commitment by USDA and Open Range represents one of the largest public-private investments for broadband service by the federal government.
This set of services will provide cutting-edge Wi-Max technology that transmits wireless data in areas not serviced by cable or DSL technologies. Open Range plans to offer affordable, wireless, high-speed broadband service to underserved and unserved areas.
Those without service will have access to broadband and other technologies for the first time. Residents in areas served by an existing provider will benefit from mobile and portable broadband, lower prices, enhanced service options and improved quality as a result of marketplace competition.
“Portable, high-speed connectivity provides new options to help create business expansion in rural communities,” Rural Development Under Secretary Thomas C. Dorr noted. “Communities that lack broadband are often bypassed for new economic development investments. Broadband is as important today as providing rural telephone service was 75 years ago, and we’re proud of our role in fostering public-private partnerships to bring broadband services to rural America.”
In addition to broadband, Open Range will offer satellite services to provide rural residents with portable connectivity virtually nationwide.
The project is intended to cover more than 6 million people and serve more than 447,000 households within five years.
Open Range is leveraging the $267 million government loan with an investment of more than $100 million from the private sector. The loan is contingent upon Open Range meeting the conditions of the loan agreement.
The loan was approved under the Rural Development Broadband Loan and Loan Guarantee Program, which since its inception has awarded $1.6 billion in loans for projects to provide rural broadband services.
The Rural Development Broadband program has financed a variety of technologies, including wireless, fiber, hybrid fiber/coax, DSL and broadband over power lines. The Open Range project is the program’s first investment to support Wi-Max technology.
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Quelle/Source: North Platte Bulletin, 31.03.2008
