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.
Seattle, the University of Washington and Gigabit Squared have teamed up to build out a gigabit network. The plan was announced on Thursday but I followed up with Gigabit Squared’s president to get more information on costs, technologies and when this network might be live.
Chicago will become the first city to receive a fiber network as part of Gigabit Squared’s college town connectivity program. The Windy City may not be your classic college town, but the University of Chicago’s south side neighborhood makes an interesting testbed for the technology.
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.