Fast, affordable Internet access for all.
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A year after a group of local broadband champions got together to see how they could improve Internet access in Missoula, Montana, the Missoula Valley Internet Cooperative has successfully raised funds and designed, deployed, and launched a wireless mesh network delivering 150 Megabit per second (Mbps) symmetrical service to more than 50 of 550 pre-registered households for, on average, $40-60/month. The community-owned option has injected some welcome competition to a stagnant local broadband market, with a second network already in the planning stages in a community to the north.
Both efforts are being driven by the Pacific Northwest Rural Broadband Alliance (PNWRBA), a Missoula, Montana-based nonprofit aiming to build resiliency, local capacity, and expand quality Internet access to the region by making use of a variety of community-oriented business models. The nonprofit serves not only to coordinate grassroots organizing efforts, but provide technical assistance and lead policy engagement with local leaders. It is running a dual mission. First, to bring faster and more affordable Internet access via a community-owned model to the area. And second, to prove out a series of models in the region with the hopes of generating additional community-based approaches to improving broadband in the region and beyond.
In a livestream just before Thanksgiving, Christopher was joined by Althea Networks CEO Deborah Simpier and NetEquity Networks Founder and CEO Isfandiyar Shaheen (Asfi) to discuss an innovative financing model for building Fiber-to-the-Home (FTTH) with the potential to bring quality broadband connections to the millions of homes around the country that are currently un- or underserved. Best described as a “fiber condominium” approach, it pairs collectively owned network infrastructure with the equity boost that comes with bringing symmetrical gigabit access to residential housing.
In a new video, Shaheen explains how it works in both the short term and over time, with last-mile fiber connections made by leveraging Home Equity Lines of Credit (HELOC) in modest amounts from local credit unions and a payment arrangement that covers everything from the construction to customer service calls.
The meat of the discussion starts around 6:35, with Shaheen describing how a $60-70/month payment for fiber Internet access breaks down. It covers everything needed, including payments for the HELOC to the local credit union, transit rates for the middle-mile network operator, maintenance fees, and an organizing entity like NetEquity Networks to bring all these stakeholders together and manage the connection.
It’s a fascinating model, with some new relationships that need to be created but no revolutionary technology or fundamentally new financing structures.
Watch the video below: