Broadband Communities

MAY-JUN 2015

BROADBAND COMMUNITIES is the leading source of information on digital and broadband technologies for buildings and communities. Our editorial aims to accelerate the deployment of Fiber-To-The-Home and Fiber-To-The-Premises.

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50 | BROADBAND COMMUNITIES | www.broadbandcommunities.com | MAY/JUNE 2015 SUMMIT COVERAGE Financing Fiber Networks The 2015 BroadBand Communities Summit included a new day-long program on fnancing networks, which covered a broad variety of public and private fnancing options. Following are some of the highlights. A BBC Staf Report E CFiber, the 23-community FTTH network in East Central Vermont, didn't have an easy time getting started. Te 2008 fnancial collapse put the kibosh on its frst fnancing plan – issuing public debt instruments. Federal agencies denied fve ECFiber applications for loan and grant funding. Finally, in 2011, the group decided to borrow money in small amounts from local investors and achieved "success when all else failed," according to Leslie Nulty, one of the founders of the project. To date, ECFiber has raised $6.4 million from 451 individual lenders and has used the proceeds to build 200 miles of fber in 16 rural towns and to connect its frst 1,000 customers. Te network was EBITDA positive at the end of 2014, and ECFiber expects it to be cash-fow positive in 2016. Crowdfunding a Fiber Network With Patient Capital Tim Nulty explains ECFiber's unique fnancing scheme.

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