The former president and co-founder of Gigabit Squared, a company that has apparently lost a contract to help bring gigabit broadband to Seattle, has resigned from any role in the company’s operations.
The Washington Post followed the trail of Comcast’s campaign donations in the Seattle mayoral race and discovered that the ISP was backing the challenger to the current mayor who helped bring gigabit broadband to the city. The current mayor Mike McGinn has been a big proponent of bringing ultrafast broadband to Seattle, and in 2014 certain areas of Seattle are set to get gigabit broadband for $80 thanks to a pilot between the city and Gigabit Squared. I suppose that backing a rival that might not be as gung-ho for a gigabit is probably cheaper than laying fiber.
Comcast’s internet essentials program that offers low-cost broadband gets a speed boost. I think Google’s efforts to offer more broadband for less may be driving Comcast’s change and others.
Gigabit Squared, the company providing fiber to the home service in six cities around the U.S., has announced pricing for its Seattle network.
Seattle will join Chicago, Kansas City, Bruistol, Tenn. and other cities with its very own gigabit broadband network. The proposed plan would see a mix of fiber-to-the-home, mobile broadband and gigabit point-to-point wireless services. The city will partner with Gigabit Squared to make it happen.
With current broadband market is essentially a comfortable duopoly of cable and telecom operators with little competitive pressure that leads to forward looking features. It is no surprise that cities are looking to take matters in their own hands taking a cue from Bristol, Tennessee.
Last week’s announcement that a $200 million broadband investment fund is in play courtesy of Gigabit Squared is part of a quiet trend of communities searching for new ways to fund broadband. From promissory notes to bonds, towns are building networks in new ways.
Gigabit Squared broke onto the scene on Wednesday, announcing it would spend $200 million to bring gigabit broadband to six college towns in conjunction with the Gig.U program. But the startup aims higher: It wants to change the economics of delivering fiber to the home everywhere.