Access to tax-exempt financing does not begin to explain the sizable rate differences between municipal and private cable providers. It explains only about one percentage point of the 20, 30, or 40 percentage points that private cable rates were above those of municipal systems.
Welcome to The Gigabit Club, BTES!
Bristol Tennessee Essential Services (BTES) announced November 19th that it now has the capability to offer 1 Gbps service. While the BTES rates do not reflect a standard cost for the service yet, 1 Gbps is offered as an option to businesses and households.
From the BTES press release:
"Bristol now has one of the fastest, totally built out networks in the United States. To give an example of how fast, you can download about two hours of video or upwards of 200 songs in just six seconds," said Dr. Michael Browder, CEO of BTES. "For our residential customers, that means one person in the household can download a movie, while another is playing an online game, while another is watching an HDTV program – all without slowing down any of the activities. For our business customers, it opens the way for transporting and accessing 'big data', which is critical for economic development of the area."
The product is already being used by local students. A nearby elementary school is combining the 1 Gbps service with SMART Board Technology and participating in virtual field trips around the globe. Twenty eight-year-olds recently "visited" Egypt for a class on the pyramids with the help of an on-site pyramid tour guide. Gee, second grade was not all that memorable when I was a kid, but it sure would be these days!
We are always pleased to learn of significant strides made by municipal networks and want to thank Bernie Arnason from Telecompetitor for covering this story. We also want to congratulate BTES for their entry into the Gigabit Club!