Magellan Advisors' Study Supports $300 Million in Vermont Broadband Funding
Denver, CO May 18, 2020 - Magellan Advisors’ statewide fiber engineering study and cost estimates were used by Vermont’s Department of Public Service to propose $300 million of statewide grants and subsidies to bring high-speed internet to rural Vermont. The Department of Public Service issued its Broadband Action Plan on May 5th, which sets out immediate recommendations to expand broadband to over 70,000 unserved homes and businesses across the State.
“We are excited and honored to support Vermont’s rural broadband program and applaud the State for finding innovative ways to expand high-speed internet for rural Vermonters” said John Honker, President of Magellan Advisors. The Vermont Department of Public Service retained Magellan Advisors in 2019 due to its 15 years of experience planning, building and managing fiber networks for rural utilities and coops. Magellan Advisors provided real-world engineering, deployment and operational costs for the statewide assessment based on its extensive work with other utilities in Vermont.
Magellan Advisors’ Feasibility Study of Electric Companies Offering Broadband in Vermont provided a thorough analysis of the role rural utilities and coops can play in deployment of broadband services. The study focused on opportunities, challenges, benefits and risks in deploying a high-speed broadband network. The report details how rural utilities and coops can economically build fiber, leverage their assets and seek out key grant funding to support fiber broadband projects.
The report has become a valuable resource for rural utilities and coops that are considering broadband deployment and illustrates that even the most rural utilities and coops can find creative and sustainable ways to meet their customers’ high-speed internet needs.
About Magellan Advisors
Magellan Advisors provides a one-stop-shop for utilities and coops that need to expand fiber and deploy next-generation broadband. Providing utility-centered fiber and broadband solutions over the past 15 years, Magellan Advisors has the only proven track record of deploying fiber networks for over 200 utilities and coops nationwide, from the most rural, unserved communities to the centers of our largest cities.
Magellan Advisors provides planning, engineering, grant development, deployment and operations of the fastest, most technologically advanced broadband networks around, connecting the world at light speed and ushering in the next evolution of devices and applications in our homes, businesses and communities.
# # #