VTel Offers Gigabit Fiber Service at Half the Price of Google's
Vermont Telephone Co. (VTel) now offers a gigabit fiber Internet connection to its residents for $35/month or just half the price of Google Fiber.
According to VTel’s Chief Executive Michel Guite, the project was made possible by a $94 million stimulus awarded by the federal government for broadband development, which enabled the company to refit its antiquated infrastructure that was originally installed in 1890.
It is worth noting that VTel was initially denied federal funding for the project, and Google played a “helpful role” in providing the necessary grant money by pushing forward with its Fiber project. Michel Guite acknowledged this with a statement to the Wall Street Journal that “Google has really given us more encouragement.”
Naturally my house (which is a new construction) gets 6mbps max. It's obvious really, I mean who believes new houses need access to modern broadband? And this after waiting TWO MONTHS for an idiot to turn up and flip and switch to activate my service because, naturally, every broadband engineer for thirty miles is booked solid.
tl;dr: if you're on fiber, I hate you slightly.
Actually this isn't capitalism. VTel got a government grant, pure capitalism doesn't allow for this. This is a combination of socialism and capitalism. You may want to either check your facts or your definitions before making such a broad statement.
These greedy ISP are so dirty they pass laws in local municipalities (by buying commissioners etc) to make their service "exclusive" and then fine cities/counties if they want to leave the agreement.
Yes, I am mostly just pissed because I am jealous that they got it and I didn't...
The words 1890, and fiber network should not exist in the same paragraph without a time machine. Perhaps some elaboration is required, like "Antiquated copper line infrastructure"
Getting a giant welfare check from the government isn't "Capitalism". In fact, this could in the long term be detrimental to this company seeing as it got its first taste of government subsidized capital. It may or may not become dependent on this to do well but considering the company isn't in the category of "too big to fail" it may get dumped off and file Chapter 11 within the decade, kind of like Solyndra. Of course Solyndra was totally founded on funny money stimulus and hardly lasted so the effects may not be the same.